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Certified Private Wealth Professional (CPWP) Module 1 Free Trial Set Two
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Question 1 of 30
1. Question
Information collected from what is considered as ‘intelligence vendors’ play a part in the economy as they offer answers to identity theft issue. Which is it they don’t allow?
Correct
Information obtained by what is known as ‘knowledge brokers’ play a role in the economy as they enable: financial firms to provide loans, employers to test future workers, and landlords to determine prospective renters ‘financial records.
Incorrect
Information obtained by what is known as ‘knowledge brokers’ play a role in the economy as they enable: financial firms to provide loans, employers to test future workers, and landlords to determine prospective renters ‘financial records.
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Question 2 of 30
2. Question
Rather of using analogy to describe derivatives, FASB went for a new, more general solution. Derivatives are classified in FAS 133 as financial instruments which have the following characteristics. Place the omission aside.
Correct
They have one or two underlying and a notional sum or two, as well as payment clauses. They typically do not need any initial net expenditure, and it is smaller than that characterizing other instruments when this is required. We neither provide for, nor require net settlements, nor arrange for the distribution of an commodity that places the buyer at a net settlement location in action.
Incorrect
They have one or two underlying and a notional sum or two, as well as payment clauses. They typically do not need any initial net expenditure, and it is smaller than that characterizing other instruments when this is required. We neither provide for, nor require net settlements, nor arrange for the distribution of an commodity that places the buyer at a net settlement location in action.
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Question 3 of 30
3. Question
Remember that the sum of expenditure in packaged goods is closely related to the risk tolerance of the buyer. Holding that in mind, pick the wrong sentence.
Correct
Low-risk buyers do not buy any financial securities.
Investors at medium risk must devote no more than 1% of their assets to regulated goods.
High-risk investors could allocate up to 5 per cent, but under stress testing conditions and constant vigilance.Incorrect
Low-risk buyers do not buy any financial securities.
Investors at medium risk must devote no more than 1% of their assets to regulated goods.
High-risk investors could allocate up to 5 per cent, but under stress testing conditions and constant vigilance. -
Question 4 of 30
4. Question
Single credit notes correlated with, first, default buckets, credit notes (yogi) bearings and CPPI loan funds fell into one of the following types of standardized products. which one is the correct option.
Correct
The preference will be focused on instruments with characteristics desired by the consumer, as thousands of existing models come out every day and new ones come out. Structured credit items, such as connected single credit notes, first to default bins, bear on credit notes (yogi), and credit funds from the CPPI.
Incorrect
The preference will be focused on instruments with characteristics desired by the consumer, as thousands of existing models come out every day and new ones come out. Structured credit items, such as connected single credit notes, first to default bins, bear on credit notes (yogi), and credit funds from the CPPI.
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Question 5 of 30
5. Question
Interest rates or thresholds and fixed-rate lending contracts have related ideas to alternatives because:
Correct
Interest-rate limits or floors and fixed-rate debt contracts have identical conceptions of options because: they provide the lender with the benefits of advantageous fluctuations in the price of the underlying commodity or index and, in exchange, they allow the borrower to offer the writer (issuer) a premium at the outset.
Incorrect
Interest-rate limits or floors and fixed-rate debt contracts have identical conceptions of options because: they provide the lender with the benefits of advantageous fluctuations in the price of the underlying commodity or index and, in exchange, they allow the borrower to offer the writer (issuer) a premium at the outset.
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Question 6 of 30
6. Question
With respect to derivatives-related financial statements, it is no mystery that banks, treasurers, creditors, financial analysts and regulators face interrelationships and uncertainty found in current financial instruments. There’s also the reality that discoveries in several countries are:
Correct
There is also the fact that reports are dispersed in the annual reporting statements of many countries and therefore only known by a fairly limited number of experienced citizens.
Incorrect
There is also the fact that reports are dispersed in the annual reporting statements of many countries and therefore only known by a fairly limited number of experienced citizens.
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Question 7 of 30
7. Question
The prime choice reduces the inherent market-value loss due to market error. Choose the right statement to that effect.
Correct
If the actual market value on maturity is greater than the purchase price, a defined cash sum is charged to the buyer as payment.
He or she earns direct distribution of the underlying commodity whether it is below the strike level.Incorrect
If the actual market value on maturity is greater than the purchase price, a defined cash sum is charged to the buyer as payment.
He or she earns direct distribution of the underlying commodity whether it is below the strike level. -
Question 8 of 30
8. Question
What of these is derived from a collection of indices or companies, from a specific region?
Correct
Index certificates are focused on an approved index and represent a whole sector.
A variety of indexes or organizations obtain national certificates from a particular field.Incorrect
Index certificates are focused on an approved index and represent a whole sector.
A variety of indexes or organizations obtain national certificates from a particular field. -
Question 9 of 30
9. Question
The credit of a profit center gradually improves the productivity and drown the prices. According to the author’s knowledge, a private banking / asset management entity will only function on a sustained basis as a profit center if wealth management becomes beneficial to the clients of the firm, not just to the firm itself, but also if:
Correct
If the operation of the property is successful for the clients of the bank, not only for the bank itself, but also if: its output is high, and costs are protected. Each dollar or pound expended by management should be looked at as a hawk.
Incorrect
If the operation of the property is successful for the clients of the bank, not only for the bank itself, but also if: its output is high, and costs are protected. Each dollar or pound expended by management should be looked at as a hawk.
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Question 10 of 30
10. Question
A private bank with an poor cost base has no, if any, knowledge of where its investments are headed, nor does it estimate that profits can meet expenditures and make a profit. In such instances, it is possible that:
Correct
For such situations, it is possible that: a limited proportion of successful clients would wind up subsidizing the remainder, so it would be more impossible for the bank to adopt a strategic strategy to expand its client base to increase its profitability.
Incorrect
For such situations, it is possible that: a limited proportion of successful clients would wind up subsidizing the remainder, so it would be more impossible for the bank to adopt a strategic strategy to expand its client base to increase its profitability.
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Question 11 of 30
11. Question
In its Annual Report 2004, Merck notes that it often utilizes forward contracts to offset adjustments in the market value of such available-forsale securities denominated in foreign currency, due to variations in foreign exchange levels. These assessments are generally focused on a sensitivity study of foreign currency adjustments in the value of the US dollar not denominated as:
Correct
These assessments are generally focused on an overview of exposure to foreign currency-denominated adjustments in the value of the US dollar: stocks, deposits, and monetary assets and liabilities.
Incorrect
These assessments are generally focused on an overview of exposure to foreign currency-denominated adjustments in the value of the US dollar: stocks, deposits, and monetary assets and liabilities.
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Question 12 of 30
12. Question
Though not always always, derivatives instruments typically reflect potential commitments not to:
Correct
Typically, but not always all, derivatives contracts reflect future commitments to: purchase or sell underlying goods at particular rates on defined future days, trade currency or other assets, swap interest payment sources, and conduct certain operations that define custom-made transactions that have an underlying and (currently) a notional principal sum.
Incorrect
Typically, but not always all, derivatives contracts reflect future commitments to: purchase or sell underlying goods at particular rates on defined future days, trade currency or other assets, swap interest payment sources, and conduct certain operations that define custom-made transactions that have an underlying and (currently) a notional principal sum.
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Question 13 of 30
13. Question
After originally unreasonable reactions to new knowledge from customers, the idea of short-term share price fluctuations may be implemented. The pros respond that this is secondary, though it can happen from time to time. What will more potentially the more technically motivated citizens do?
Correct
Even the more technically inclined people Ascribe to the stock market a comparatively high degree of quality, and on the whole believe securities to be adequately priced.
Incorrect
Even the more technically inclined people Ascribe to the stock market a comparatively high degree of quality, and on the whole believe securities to be adequately priced.
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Question 14 of 30
14. Question
A middle way of looking at these arguments for and against business efficiency is that knowledge asymmetries exist, but it is not self-evident how they are formulated and used. To account for the missed linkages, researchers, including certain investment managers, create or implement theories such as CAPM and its derivatives, which they find to assist in the successful management of funds. Select the most appropriate alternative in theory.
Correct
In theory, if the market is projected to rise upwards then choosing high volatility (beta) securities will be the right approach.
If a bear market is anticipated, then preferring low beta stock, going liquid or shortening the sector will be the proper approach.Incorrect
In theory, if the market is projected to rise upwards then choosing high volatility (beta) securities will be the right approach.
If a bear market is anticipated, then preferring low beta stock, going liquid or shortening the sector will be the proper approach. -
Question 15 of 30
15. Question
The ideology of ‘do something’ created certain measurable effects, exemplified by the reality that tier-one executives did what?
Correct
A ‘do something’ approach that yielded certain concrete outcomes, exemplified by the fact that tier-one managers: choosing to talk and review papers and memoranda, and learning how to utilize a large and casual network of experts.
All bullet points define standards of corporate governance which are broadly relevant to outsourcing and insourcing, as well as to global business as a whole.Incorrect
A ‘do something’ approach that yielded certain concrete outcomes, exemplified by the fact that tier-one managers: choosing to talk and review papers and memoranda, and learning how to utilize a large and casual network of experts.
All bullet points define standards of corporate governance which are broadly relevant to outsourcing and insourcing, as well as to global business as a whole. -
Question 16 of 30
16. Question
The concept of output of which this segment refers itself is a notion derived from physics. Physics helps provide a basis for the use of professionals, and technology redefines their role in the decision making process. This definition of the competence advisory position is one of the most fragile in the fields of:
Correct
This definition of expertise’s advisory position is a very delicate one in the fields of finance and finance skills outsourcing.
Leverage in the natural sciences just works up to one level. It is a responsibility, after that. Natural selection is based not on manipulation but on evolutionary preferences, adaptation and mutation. Anything identical is true in savings.Incorrect
This definition of expertise’s advisory position is a very delicate one in the fields of finance and finance skills outsourcing.
Leverage in the natural sciences just works up to one level. It is a responsibility, after that. Natural selection is based not on manipulation but on evolutionary preferences, adaptation and mutation. Anything identical is true in savings. -
Question 17 of 30
17. Question
It should never underestimate the importance of accurate and readily understood knowledge about the valuation of properties, and thus their cost and return. Types of critical knowledge to be produced on a universal basis shall exclude:
Correct
Definitions of vital information to be generated on a standardized basis are: debt, i.e. gross liabilities over total assets, liquidity, net profits over total assets, acid check, current assets over current liabilities, capital velocity, capital and cash equivalents transactions, cash flow in its various types and measures, fixed asset depletion, fixed asset purchases, interest received.
Incorrect
Definitions of vital information to be generated on a standardized basis are: debt, i.e. gross liabilities over total assets, liquidity, net profits over total assets, acid check, current assets over current liabilities, capital velocity, capital and cash equivalents transactions, cash flow in its various types and measures, fixed asset depletion, fixed asset purchases, interest received.
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Question 18 of 30
18. Question
Analyzing the risks faced adequately and appropriately pricing them is NOT a very difficult job at the time of:
Correct
Analyzing the risks adequately and appropriately pricing them is a very challenging job at a time of intense competition Hot emerging businesses and consumer behaviour.
Incorrect
Analyzing the risks adequately and appropriately pricing them is a very challenging job at a time of intense competition Hot emerging businesses and consumer behaviour.
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Question 19 of 30
19. Question
Effective risk monitoring requires periodic and very large risk changes. An successful policy does not recognize business activity in line with EMT. The guiding light is that the search for greater return explains the money, commissions and risks NOT involved in the following:
Correct
The guiding light is that the quest for greater profit supports the capital, fees and costs inherent in: predicting trends in the stock sector, evaluating their possible consequences, and selling to remove the substance of the portfolio.
Incorrect
The guiding light is that the quest for greater profit supports the capital, fees and costs inherent in: predicting trends in the stock sector, evaluating their possible consequences, and selling to remove the substance of the portfolio.
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Question 20 of 30
20. Question
Effective fund managers do not necessarily support a market trend dependent, for example, on historical mean and standard deviation, on risk and profit.
Alternatively, they have their own screening requirements for shares, as well as purchasing and selling different places. Smart fund managers create their own forecasts and follow them up by:Correct
In each investment class, successful fund managers establish and pursue their own calculations by: general asset category: equity, bonds, futures, other assets, and individual products, such as unique stocks or debt instruments.
Incorrect
In each investment class, successful fund managers establish and pursue their own calculations by: general asset category: equity, bonds, futures, other assets, and individual products, such as unique stocks or debt instruments.
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Question 21 of 30
21. Question
Banks have concentrated largely on taking ownership of the wealth base of their customers, with their marketing policies shifted in that direction. Brokers were especially involved in trading commissions, which is strategically more relevant than the direct commission-generating sector. A main question facing brokerages in this regard concerns business prospects for:
Correct
In this context, a crucial issue that brokerages are facing involves business incentives for recommendation dispensing, and further trading following these guidance.
Incorrect
In this context, a crucial issue that brokerages are facing involves business incentives for recommendation dispensing, and further trading following these guidance.
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Question 22 of 30
22. Question
When for the competitiveness of a commercial bank or investment fund, senior management can never lose sight of the fact that fee income is by no means associated with net profit. Once upon a time there was a period when expenses associated with wealth management and trust operations were mainly payroll expenses, a significant majority of which was officer administrative period. This is no longer valid because there have been other costs in the image. Choose the incorrect option.
Correct
Once upon a time there was a period when expenses associated with wealth management and trust operations were mainly payroll expenses, a significant majority of which was officer administrative period. That is no longer so because other expenses have joined the information technology picture, messaging, fees charged to suppliers of content, and overheads.
Incorrect
Once upon a time there was a period when expenses associated with wealth management and trust operations were mainly payroll expenses, a significant majority of which was officer administrative period. That is no longer so because other expenses have joined the information technology picture, messaging, fees charged to suppliers of content, and overheads.
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Question 23 of 30
23. Question
Technology offers an architecture that can be used efficiently to monitor the exposure of investors; but although technology is essential, it is not necessary to presume a robust solution for risk management. The most critical element is the recognition from management that:
Correct
The most critical element is management’s understanding that: risks must be proactively managed, and a unit entirely independent of risk-taking will be used to define and handle them.
Incorrect
The most critical element is management’s understanding that: risks must be proactively managed, and a unit entirely independent of risk-taking will be used to define and handle them.
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Question 24 of 30
24. Question
What does a standard and open style of financial reporting do?
Correct
A standard and consistent model for financial reporting: Eliminates knowledge asymmetries between creditors and issuers and leads in order to better identify risks, while still reducing capital costs.
Incorrect
A standard and consistent model for financial reporting: Eliminates knowledge asymmetries between creditors and issuers and leads in order to better identify risks, while still reducing capital costs.
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Question 25 of 30
25. Question
Effective exposure would involve the existing laws in terms of possession, investor rights and asset security, which may be a difficult challenge when investing cross-border. What do regional or multinational, well reported equity investments require?
Correct
1.Research on businesses, business industries, regional markets and macroeconomic patterns, and
2. Structure, producing, selling and exchanging of newly released shares, shares-linked and stock-derived securities as well as organized fixed income instruments.Incorrect
1.Research on businesses, business industries, regional markets and macroeconomic patterns, and
2. Structure, producing, selling and exchanging of newly released shares, shares-linked and stock-derived securities as well as organized fixed income instruments. -
Question 26 of 30
26. Question
Effective decisions are rarely created at the speed of the moment. One of the easiest ways to risk capital is by pursuing the pattern of the economy, or by purchasing protection favoured by certain buyers. Not only are the customer’s needs specific targets, and the danger and reward analysis a must for the accurate and recorded distribution of funds, but also this model:
Correct
This profile must also be balanced against market conditions that are rapidly evolving and should be subject to rigorous analysis on its viability, followed by a concentrated risk reduction campaign.
Incorrect
This profile must also be balanced against market conditions that are rapidly evolving and should be subject to rigorous analysis on its viability, followed by a concentrated risk reduction campaign.
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Question 27 of 30
27. Question
Institutions who understood how to put themselves against market pressures meant who their fee and profit plan was able to mitigate falling sales from deposits, M&As and other business lines. At the same moment, the top private banker made magnificent profits from commissions. Among the stronger players in the personal banking sector, the fees earned from this line of operation accounted for:
Correct
Among the stronger players in the personal banking field, fees earned from this line of business accounted for around 60 per cent of the overall net commissions obtained and about 70 per cent of their growth in earnings in 2001, the year following the crash of the stock market.
Incorrect
Among the stronger players in the personal banking field, fees earned from this line of business accounted for around 60 per cent of the overall net commissions obtained and about 70 per cent of their growth in earnings in 2001, the year following the crash of the stock market.
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Question 28 of 30
28. Question
In most instances, individual price lists given to private banking clients are simply representative and open to negotiation. Moreover, the increasing demand for private banking and large-scale fund management has driven several financial institutions to reassess both:
Correct
The that demand for private banking and fund management around the board has prompted several financial firms to re-examine both their selling rates and their investment rates.
Incorrect
The that demand for private banking and fund management around the board has prompted several financial firms to re-examine both their selling rates and their investment rates.
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Question 29 of 30
29. Question
Inside the financial sector, liquidity fluctuations may be quickly spread via the interbank segment, rendering frequent monitoring of interbank relations necessary. Easy mapping of interbank ties is not, however, necessary to calculate the possibility of contagion in interbank markets. What is Correct Contagion Measurement?
Correct
Proper estimation of contagion Calls for comprehensive aggregate statistics on the interbank exposures of each bank, which includes consideration of the different risk reduction steps, such as collateralization, netting which hedging.
Incorrect
Proper estimation of contagion Calls for comprehensive aggregate statistics on the interbank exposures of each bank, which includes consideration of the different risk reduction steps, such as collateralization, netting which hedging.
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Question 30 of 30
30. Question
Algorithms from applied mathematics will help hold exposure under track, providing that banks, treasurers, traders and investors are alert to the signs these models give; but models are not adequate, if appropriate. What does a strict Damage Control Policy require?
Correct
A robust damage management strategy includes a comprehensive management and balance process, well specified protocols as well as solutions for device engineering. A rational approach to risk management is the redistribution of constraints of financial roles and lines of exchange.
Incorrect
A robust damage management strategy includes a comprehensive management and balance process, well specified protocols as well as solutions for device engineering. A rational approach to risk management is the redistribution of constraints of financial roles and lines of exchange.
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