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Which of the following risk cannot be reduced
Which of the following risk cannot be reducedA . Exchange rate riskB . Interest rate riskC . Default riskD . Market riskE . Unique riskView AnswerAnswer: D
Which of the following activities mutual fund dealers can not conduct before getting their registration
Which of the following activities mutual fund dealers can not conduct before getting their registrationA . Refer client to registered mutual fund dealerB . Receive redemption requestC . Provide basic information regarding current holdingsD . Forwarding completed orders to a registered salespersonE . Provide any advice or recommendation on mutual...
Which of the following risk is reduced by hedging
Which of the following risk is reduced by hedgingA . Unique riskB . Market riskC . Interest rate riskD . Default riskE . Exchange rate riskView AnswerAnswer: E
" Reviewing the applicants integrity, financial solvency and general competence " is most likely related to which of the powers of securities administrators
" Reviewing the applicants integrity, financial solvency and general competence " is most likely related to which of the powers of securities administratorsA . EnforcementB . DisclosureC . RegistrationD . ResindingView AnswerAnswer: C
Harry has 20000 in his mutual fund account, his original cost of acquisition was 10000 and 5000 is the total reinvested dividends, if he decides to sell all his units and is taxed at 40%, what will be his tax payable
Harry has 20000 in his mutual fund account, his original cost of acquisition was 10000 and 5000 is the total reinvested dividends, if he decides to sell all his units and is taxed at 40%, what will be his tax payableA . 4000B . 8000C . 1000D . 2000View AnswerAnswer:...
Harry, a Mutual fund dealer, showed his clients AUM with him while bragging at a party he was attending. He is most likely in breach of
Harry, a Mutual fund dealer, showed his clients AUM with him while bragging at a party he was attending. He is most likely in breach ofA . Duty of careB . ProfessionalismC . IntegrityD . ConfidentialityE . ComplianceView AnswerAnswer: D
Which of the following is generally associated with Trailer fees in a Mutual fund
Which of the following is generally associated with Trailer fees in a Mutual fundA . Fees charged on purchase of a mutual fundB . Fees charged as a percentage of assets and paid to mutual fund sales representative every yearC . Fees charge ever year as a compensation for fund...
Which of the following risk is generally associated with " Changes in interest rates leading to changes in fixed income securities prices "
Which of the following risk is generally associated with " Changes in interest rates leading to changes in fixed income securities prices "A . Default riskB . Exchange rate riskC . Unique riskD . Interest rate riskE . Market riskView AnswerAnswer: D
Harry is a new Mutual fund dealer, he selectively leaves out that he is one of the biggest shareholders and sits on the board of a mutual fund company he is suggesting the clients to buy. He is most likely in breach of
Harry is a new Mutual fund dealer, he selectively leaves out that he is one of the biggest shareholders and sits on the board of a mutual fund company he is suggesting the clients to buy. He is most likely in breach ofA . ConfidentialityB . IntegrityC . ComplianceD ....
Anti money laundering and terrorist finance rules dictate that you should report any cash transaction above
Anti money laundering and terrorist finance rules dictate that you should report any cash transaction aboveA . 500B . 100000C . 1000D . 10000View AnswerAnswer: D
