AAFM Chartered Wealth Manager (CWM) Certification Level II Examination - CWM_LEVEL_2 Exam Practice Test
Section A (1 Mark)
Ideally, clients would like to invest with the portfolio manager who has
Ideally, clients would like to invest with the portfolio manager who has
Correct Answer: D
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Section A (1 Mark)
The CDO structures which are used by asset management companies, insurance companies and other investment shops with the intent of exploiting a mismatch between the yield of underlying securities and lower cost of servicing the CDO structures are called___________.
The CDO structures which are used by asset management companies, insurance companies and other investment shops with the intent of exploiting a mismatch between the yield of underlying securities and lower cost of servicing the CDO structures are called___________.
Correct Answer: D
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Section A (1 Mark)
A(n)____________________________________________ is where the customer can use the difference between some percentage of the appraised value of their home and the mortgage remaining to secure a loan.
This loan can be used to fund a college education, pay for a vacation or pay for home improvements.
A(n)____________________________________________ is where the customer can use the difference between some percentage of the appraised value of their home and the mortgage remaining to secure a loan.
This loan can be used to fund a college education, pay for a vacation or pay for home improvements.
Correct Answer: C
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Section B (2 Mark)
Mrs. Sharma, a 40-year-old widow, has an 8-year-old son. Her current savings are not adequate to provide for her son's post graduate studies, however she will be able to save for it by the time he finishes graduation i.e.
when he is 20 years old. Mortality tables indicate that her life expectancy is another 30 years.
Which one of the following is true?
Mrs. Sharma, a 40-year-old widow, has an 8-year-old son. Her current savings are not adequate to provide for her son's post graduate studies, however she will be able to save for it by the time he finishes graduation i.e.
when he is 20 years old. Mortality tables indicate that her life expectancy is another 30 years.
Which one of the following is true?
Correct Answer: C
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Section A (1 Mark)
_______________ is defined as the total amount of taxes paid as a percentage of a person's income.
_______________ is defined as the total amount of taxes paid as a percentage of a person's income.
Correct Answer: C
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Section A (1 Mark)
The most profitable credit card customers for a bank are those that:
The most profitable credit card customers for a bank are those that:
Correct Answer: C
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Section A (1 Mark)
Response of listening falls under which one of the following categories?
Response of listening falls under which one of the following categories?
Correct Answer: A
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Section B (2 Mark)
Calculate the value at which an office building can be priced from the following information:
A similar building has 8% capitalization rate.
Calculate the value at which an office building can be priced from the following information:
A similar building has 8% capitalization rate.
Correct Answer: D
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Section B (2 Mark)
In 2011-12, an individual receives a net dividend of £648. The equivalent gross income is:
In 2011-12, an individual receives a net dividend of £648. The equivalent gross income is:
Correct Answer: D
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Section B (2 Mark)
Akash has only compulsory third party policy for his car. He jumped a red light and collided with another car and then with the boundary wall of a nearby house. Damage to his car was of Rs. 17,000/-, damage to other car was of Rs. 15,000/- and damage to the boundary wall of house was of Rs. 15,000. The insurance policy of Akash will pay:
Akash has only compulsory third party policy for his car. He jumped a red light and collided with another car and then with the boundary wall of a nearby house. Damage to his car was of Rs. 17,000/-, damage to other car was of Rs. 15,000/- and damage to the boundary wall of house was of Rs. 15,000. The insurance policy of Akash will pay:
Correct Answer: D
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