You may also like…

• 

  M8 Set 2

  SGD 29.90 Add to cart

  2 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.

• 

  M9A Set 2

  SGD 29.90 Add to cart

  2 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.

• 

  M9 Set 2

  SGD 29.90 Add to cart

  2 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.

• 

  M9 Set 1

  SGD 29.90 Add to cart

  2 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.

• 

  M5 Set 1

  SGD 29.90 Add to cart

  2 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.

• 

  M5 Set 4

  SGD 29.90 Add to cart

  2 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

• 

  M5 Set 2

  SGD 29.90 Add to cart

  2 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

• 

  M8 Set 1

  SGD 29.90 Add to cart

  2 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.

• 

  M8A Set 2

  SGD 29.90 Add to cart

  2 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.

• 

  M8A Set 1

  SGD 29.90 Add to cart

  2 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.

• 

  M9A Set 1

  SGD 29.90 Add to cart

  2 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.