M1A Set 1
SGD 29.90
2 July 2020
CMFAS M1A Exam Question
A contract made on SGX-ST can be cancelled only if:
a) delivery fails
b) payment is not made on delivery
c) the share registrar refuses to register a transfer
d) the CMS licence holders to an error trade have agreed to the cancellation
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M6 Set 1
SGD 29.90 Add to cart2 July 2020
CMFAS M6 Exam Question
Which of the following statements are NOT true regarding Single Stock Futures (SSFs)?
a) In a short SSF position, the investor is obligated to deliver the stock.
b) SSF will closely follow the underlying stock's movement.
c) SSF contracts can usually be financed by margin.
d) SSFs are futures contracts between two parties to exchange a specified number of stocks in a company for a price agreed today.
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M6A Set 1
SGD 29.90 Add to cart2 July 2020
CMFAS M6A Exam Question
Which of the following statements is NOT true regarding foreign exchange swap agreements?
a) It is a contract in which one party borrows one currency from one party and simultaneously lends another currency to another party.
b) Each party uses the repayment obligation to its counterparty as collateral and the amount of repayment is fixed at the foreign exchange forward rate as determined by the contract.
c) Foreign exchange swaps can eliminate foreign exchange rate risks.
d) Foreign exchange swaps have counter-party risks.
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M1A Set 2
SGD 29.90 Add to cart2 July 2020
CMFAS M1A Exam Question
The expense ratio refers to the ongoing costs of operating a fund by fund managers expressed as a percentage of the fund's:
a) average net assets
b) total net assets
c) average return on investment
d) total return on investment
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M6A Set 2
SGD 29.90 Add to cart2 July 2020
CMFAS M6A Exam Question
Which of the following statements regarding futures is false?
a) Futures are traded in contracts.
b) Each futures contract has a standard size which is set by the futures exchange it trades on.
c) Not all futures have an underlying asset.
d) Some futures require delivery of the actual commodity.
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M6 Set 2
SGD 29.90 Add to cart2 July 2020
CMFAS M6 Exam Question
Which of the following types of bonds have the highest volatility?
a) High coupon rate
b) Short term to maturity
c) Low yield to maturity
d) High coupon rate and short term to maturity
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M5 Set 1
SGD 29.90 Add to cart2 July 2020
CMFAS M5 Exam Question
Under the Financial Advisers Regulations (FAR), unsecured credit facility does NOT include:
a) any loan made without security.
b) any credit facility made with security that does not exceed the market value of the assets constituting that security.
c) any performance bond entered into by the licensed financial adviser in connection with any credit facility made by another party to its representatives.
d) the provision of any security by the licensed financial adviser in connection with any credit facility made by another party to its representatives.
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M8A Set 1
SGD 29.90 Add to cart2 July 2020
CMFAS M8A Exam Question
Structured Funds have which of the following types of characteristics compared to other types of wrappers?
a) High administrative cost.
b) Capital guaranteed.
c) Flexibility.
d) Transparency.
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M9 Set 2
SGD 29.90 Add to cart2 July 2020
CMFAS M9 Exam Question
The premiums of life insurance policies are calculated by professionals known as:
a) Actuaries.
b) Calculators.
c) Adjustors.
d) Insurance analysts.