M6A Set 1
SGD 29.90
2 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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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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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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M1B Set 1
SGD 29.90 Add to cart2 July 2020
CMFAS M1B Exam Question
A Representative must not directly or indirectly deal in securities which involve no change of beneficial ownership. The Representative’s only defence is if he or she can show that they had no reason to suspect that the transaction was a:
a) swap sale
b) wash sale
c) trade sale
d) time sale
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M1A Set 1
SGD 29.90 Add to cart2 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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M1B Set 2
SGD 29.90 Add to cart2 July 2020
CMFAS M1B Exam Question
Which of the following goods and services qualify as acceptable soft dollar receipts?
a) Premises expenses
b) Employees' salaries.
c) Direct money payment.
d) Referral fees under a referral agreement.
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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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SCI ComGI Set 1
SGD 29.90 Add to cart2 July 2020
ComGI Exam Question
The underwriting information required for Theft Insurance include all of the following except:
a) Type of goods to be insured.
b) Location where goods are stored.
c) Experience of staff or caretakers who oversee the goods.
d) Previous claims experience.
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M8A Set 2
SGD 29.90 Add to cart2 July 2020
CMFAS M8A Exam Question
Which of the following is NOT an early termination feature in a structured product?
a) Callable option.
b) Kick-in option.
c) Knock-out option.
d) Default option.
