Q: One of the major factors leading to increased emphasis of CFA code of ethics is:
A: Address the issues leading to a loss of confidence in finance sector professionals and practices
Q: An efficient financial system
A: promotes economic growth and social progress
Q: The CFA code of ethics requires members and candidates to keep client information confidential. However the principle of confidentiality does not apply when it:
A: concerns illegal activity
Q: The most significant cause of bank failure today is:
A: fraud, embezzlement, and poor management practices
Q: Members of CFA Institute (including CFA charterholders) and candidates for the CFA designation ("Members and Candidates") are to do the following except:
A: Promote policies facilitating development of capital markets.
Q: Banker's acceptances are not
A: foreign deposits accepted overseas by branches of American banks
Q: Innovation around regulation followed by new regulation to offset the innovation is
A: the regulatory dialectic.
Q: Since the crisis of 2008, which of the following factors has further heightened the need for strict adherence to standards of professional conduct?
A: All of the listed choices
Q: Which of the following is least affected by an individual customer's profile?
A: nonprice adjustments
Q: Private or state deposit insurance funds have not successfully prevented panic because
A: they did not have a "deep pocket" with unlimited borrowing power like Congress behind them.
Q: In a standby letter of credit,
A: the bank substitutes its creditworthiness for that of its customer.
Q: Financial markets provide financial institutions:
A: all of the listed choices.
Q: Insurance or a guarantee to cover losses may create a moral hazard
A: which is an incentive to increase risk-taking by the insured.
Q: All but one of the following is associated with bank loan securitization activity?
A: the value of the securities sold to investors exceeds that of the securitized loans.
Q: A form of secured borrowing by banks is
A: repurchase agreement
Q: In general, which of the following bank investments has the least liquidity?
A: municipal bonds
Q: Deposit insurance with constant proportional premiums has
A: created a moral hazard associated with increased risk assumption.
Q: The moral hazard problem of federal deposit insurance is most associated with:
A: the incentives of managers.
Q: A commercial bank provides liquidity when it
A: All of the listed choices.
Q: In loan brokerage, the bank's spread is
A: the difference between the rate earned by the bank and the rate paid by the bank
RESULTS: 90/100
A: Address the issues leading to a loss of confidence in finance sector professionals and practices
Q: An efficient financial system
A: promotes economic growth and social progress
Q: The CFA code of ethics requires members and candidates to keep client information confidential. However the principle of confidentiality does not apply when it:
A: concerns illegal activity
Q: The most significant cause of bank failure today is:
A: fraud, embezzlement, and poor management practices
Q: Members of CFA Institute (including CFA charterholders) and candidates for the CFA designation ("Members and Candidates") are to do the following except:
A: Promote policies facilitating development of capital markets.
Q: Banker's acceptances are not
A: foreign deposits accepted overseas by branches of American banks
Q: Innovation around regulation followed by new regulation to offset the innovation is
A: the regulatory dialectic.
Q: Since the crisis of 2008, which of the following factors has further heightened the need for strict adherence to standards of professional conduct?
A: All of the listed choices
Q: Which of the following is least affected by an individual customer's profile?
A: nonprice adjustments
Q: Private or state deposit insurance funds have not successfully prevented panic because
A: they did not have a "deep pocket" with unlimited borrowing power like Congress behind them.
Q: In a standby letter of credit,
A: the bank substitutes its creditworthiness for that of its customer.
Q: Financial markets provide financial institutions:
A: all of the listed choices.
Q: Insurance or a guarantee to cover losses may create a moral hazard
A: which is an incentive to increase risk-taking by the insured.
Q: All but one of the following is associated with bank loan securitization activity?
A: the value of the securities sold to investors exceeds that of the securitized loans.
Q: A form of secured borrowing by banks is
A: repurchase agreement
Q: In general, which of the following bank investments has the least liquidity?
A: municipal bonds
Q: Deposit insurance with constant proportional premiums has
A: created a moral hazard associated with increased risk assumption.
Q: The moral hazard problem of federal deposit insurance is most associated with:
A: the incentives of managers.
Q: A commercial bank provides liquidity when it
A: All of the listed choices.
Q: In loan brokerage, the bank's spread is
A: the difference between the rate earned by the bank and the rate paid by the bank
RESULTS: 90/100
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