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  M9 Set 2

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  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.

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  M8A Set 2

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  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.

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  d) Default option.

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  M9A Set 2

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  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.