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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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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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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.

