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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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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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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.
