Sarbanes Oxley and bases are:
A. Financial service institutes
B. Customer agencies
C. Fraud detecting companies
D. Regulatory reporting requirements
The companies strive to improve customer acquisition, services and retention through the use of following methods EXCEPT:
A. Market Analysis
B. Customer relationship management
C. One-to-one marketing
D. None of these
Main areas within financial services are:
A. Banking
B. Stock Exchange
C. Operations
D. All of these
Which one of the following Factors does NOT ensure the financial health and security of the organization?
A. Asset management and protection
B. Capital allocation management
C. Financial risk analysis and management
D. None of these
Asset/liability management is a planning tool designed to maximize earnings. ALM tries to create optimal risk/reward decisions and focuses on creating prices that achieve a desired spread. A sound ALM policy must manage many types of risks such as:
A. Credit risk
B. Liquidity risk
C. Capital risk
D. All of these
The tax implications are to be considered in case of life insurance. As, you can take out in chunks to supplement the income, and minimize tax burden, while keeping the majority still under the tax differed status (Not to mention the benefit of Roth IRA).So, the end result of what you have is for disposable income is once again better with the:
A. 401K
B. Whole life Insurance
C. Term life Insurance
D. None of these
Audits of foreign exchange transactions may include of the following objectives and tasks EXCEPT:
A. Determine whether internal controls over the authorization of transaction are adequate
B. Determine whether the valuation of transactions is properly calculated
C. Determine whether net assets, dividends, interest, and taxes are properly calculated and recorded
D. Determine that transactions are properly recorded on cash flow statement
These occur when two parties trade currencies at a mutually agreed upon exchange rate. One trader calls another trader asking for the price of a particular currency, and the second trader quotes both buying and selling prices for that currency. What are these?
A. Spot transitions
B. Forward transitions
C. Backward transitions
D. None of these
Foreign currency futures contracts may be legitimately traded either on a recognized futures exchange or in the ___________, which generally involves trading between large institutions such as banks and corporations.
A. Secondary security market
B. Interbank market
C. Over the counter market
D. Dealers market
Personal liability covers claims for bodily injury or property damage caused by the insured. And, Medical payment provides a low level of medical payment to help avoid legal action between the insured and the injured part, regardless of whether or not the insured is legally liable for the incident. These are two major types of liability coverage provided by:
A. Homeowner policies
B. Term insurances
C. Auto coverage policies
D. Casualty insurance policies
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