M6A Set 3
SGD 29.90
2 July 2020
M6A Exam Question
Which of the following statements describes the correct definition of Trading Volume?
a) The total number of options and/or futures contracts that are not closed or delivered on a particular day.
b) The number of buy market orders before the stock market opens.
c) The number of shares or contracts traded in a security or an entire market during a given period of time.
d) The liquidity of an option and/or futures contract.
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M9 Set 1
SGD 29.90 Add to cart2 July 2020
CMFAS M9 Exam Question
Which of the following should be performed if one intends to retain the full financial responsibility of a risk?
a) Buying insurance.
b) Selling insurance.
c) Setting aside adequate emergency funds.
d) Implementing preventive measures.
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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.
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M8 Set 2
SGD 29.90 Add to cart2 July 2020
CMFAS M8 Exam Question
Which of the following is NOT true regarding banker’s acceptances?
a) They are used to facilitate international commercial trade transactions.
b) They represent a claim on the issuing bank.
c) They have no maturity date.
d) They are issued at a discount to face value.
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M9A Set 1
SGD 29.90 Add to cart2 July 2020
CMFAS M9A Exam Question
Which of the following products are classified as products designed to protect capital?
a) Bonus certificates.
b) Equity-linked notes.
c) Reverse convertible bonds.
d) Discount certificates.
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M5 Set 2
SGD 29.90 Add to cart2 July 2020
CMFAS M5 Exam Question
Under the Securities and Futures Act (SFA), an accredited investor cannot be a/an:
a) individual
b) corporation
c) limited liability partnership
d) trustee of a trust
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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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M9A Set 2
SGD 29.90 Add to cart2 July 2020
CMFAS M9A Exam Question
When the futures price is higher than the spot price, the situation is known as:
a) Contango.
b) Backwardation.
c) Basis.
d) Variation.
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M5 Set 4
SGD 29.90 Add to cart2 July 2020
M5 Exam Question
A financial adviser making a life policy recommendation to a client should take all reasonable steps to determine the client's:
a) health underwriting
b) risk tolerance
c) investment experience
d) financial objectives
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M8 Set 1
SGD 29.90 Add to cart2 July 2020
CMFAS M8 Exam Question
Which of the following actions can be taken to secure a price now to protect against future declining prices of a commodity?
a) Go long on the commodity futures contract.
b) Go short on the commodity futures contract.
c) Sell all existing stock of the commodity.
d) Buy more stock of the commodity.
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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.
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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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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.
