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Final Exam Questions Terms in this set (51) access code FTD4Y5. Return code: 7NLM-J4JE Which of the following should you NOT do when holding the space? a. Be comfortable with silence b. Be okay with death not being beautiful c. Be always thinking a$7.99
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Final Exam Questions Terms in this set (51) access code FTD4Y5. Return code: 7NLM-J4JE Which of the following should you NOT do when holding the space? a. Be comfortable with silence b. Be okay with death not being beautiful c. Be always thinking a
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Course
CAIA - Chartered Alternative Investment Analyst
Institution
CAIA - Chartered Alternative Investment Analyst
Final Exam Questions
Terms in this set (51)
access code FTD4Y5.
Return code: 7NLM-J4JE
Which of the following should you NOT do when holding the space?
a. Be comfortable with silence
b. Be okay with death not being beautiful
c. Be always thinking about the perfect response
d. Be...
Question : To qualify for a Federal Housing C: fulfill income guidelines.
Administration (FHA) loan, a person must
generally
A: have at least a high school diploma.
B: have one-quarter of the cost of the home
for a down-payment.
C: fulfill income guidelines.
D: provide two individuals to co-sign the
loan.
A high school student has begun to A: Will I find a balance between financial rewards and personal satisfaction from work?
investigate the field of finance as a career
choice. In deciding about the field, the
student should focus on which question
first?
A: Will I find a balance between financial
rewards and personal satisfaction from
work?
B: How many people do I know who work in
this field?
C: Once I train for this area, how long before
I will be
at the top of the field?
D: Are there people in this field who are
dissatisfied
with their jobs?
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A: Will I find a balance between financial D: An ATM transaction
rewards and personal satisfaction from
work?
Reason : It is important to investigate a
career with the idea of not only getting a
sense of earning potential, types of positions
available and the training necessary to
acquire these positions but what are the
chances that the individual will enjoy
working in this field.
A company offers a defined-contribution B: the total amount of money contributed plus investment earnings.
pension plan which means that upon
retirement the employee will receive
A: one-half of the employee's last year's
salary.
B: the total amount of money contributed
plus investment
earnings.
C: an amount of money based only on the
length of time
the employee worked for the company.
D: a specified amount of money based
totally on the profit
earned by the company while the employee
worked
there.
The interest earned on United States Series A: exempt from state and local taxes.
EE Savings Bonds is
Reason : The interest rate on US savings bonds is exempt from state and local taxes.
A: exempt from state and local taxes.
B: paid in a lump sum at the time the face
value on the bond is reached.
C: equal to the money paid to purchase it.
Buying a treasury bill (T-bill) is best for B: a secure, low, risk investment.
investors who are looking for
Reason : These bills are backed by the full faith and credit of the US government,
A: a place to invest between $100-$500. therefore considered relatively risk free.
B: a secure, low risk investment.
C: a higher yield on their investment than
corporate bonds offer.
D: an investment that matures in 10-30 years.
Using a brokerage firm, a qualified investor C: brokerage firm is lending the investor 50% of the money.
buys 1000 shares of a common stock at $50 a
share on 50% margin. This means that the Reason : Margin is a speculative method whereby an investor borrows up to 50% of the
money needed from a brokerage firm in order to buy a wanted stock and pays a fee for
A: investor will pay only $5000 for the the privilege.
shares.
B: investor is buying 2000 shares.
C: brokerage firm is lending the investor 50%
of the money.
D: brokerage firm will own 50% of the 1000
WISE
shares Practice
of stock that wereTest- Flash
purchased. cards
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, 9/4/24, 3:00 PM
To determine the time value of depositing B: the rate of inflation.
$100 in a savings account, a person needs to
know the interest rate and
A: her total income.
B: the rate of inflation.
C: whether the account is FDIC protected.
D: whether the bank offers overdraft
protection.
The amount a lender charges to borrow Correct Answer : D: Finance charge
money is called the:
The cost to use someone else's money for a A: Interest rate expressed as a percentage
period of time is called the:
Reason : Consumers usually pay a price for the goods and services they buy. The cost
A: Interest rate expressed as a percentage to buy the right to use someone else's money for a period of time is called the interest
B: Opportunity cost rate.
C: Minimum payment
D: Inflation rate
Interest earned on interest is known as: C: Compounded interest
A: Simple interest Reason : Compound interest enables the saver to earn interest on the interest that was
B: True interest earned earlier.
C: Compounded interest
D: Variable interest
Money received today is worth more than B: The time value of money
the same amount of money received
sometime in the future is: Reason : The time value of money is the concept that money received today is worth
more than the same amount of money received in the future. If you receive $100 today,
A: The Rule of 72 you can put it to work immediately through savings or investing immediately.
B: The time value of money
C: Not true
D: Investing
3/17
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