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Ace Your IIA-CFSA CFSA Exam

Page: 19 / 19
Total 511 questions
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Certified Financial Services Auditor Questions and Answers

Question 73

Commercial banks create money by:

Options:

A.

Making loans

B.

Selling government bonds to the public

C.

Placing reserves at the Federal Reserve Bank.

D.

Repurchasing their stock on the open market.

Question 74

Which one of the following is an additional duty of trust department?

Options:

A.

Dividends Reinvestment Agent

B.

Stock Registrar

C.

Bond Registrar

D.

All of the above

Question 75

Asset/Liability (ALM) is a short and long term planning tool designed to maximize earnings. ALM tries to create optimal risk/reward decisions and focuses on creating prices that achieve spread. A sound ALM policy must manage following types of risks EXCEPT:

Options:

A.

Credit Risk

B.

Control Risk

C.

Liquidity Risk

D.

Capital Risk

Question 76

Securities available for resale, by the bank, should be reported at:

Options:

A.

Principal value

B.

Principal value + interest rate

C.

Fair value

D.

All of these

Page: 19 / 19
Total 511 questions
Get IIA-CFSA Full Access Download IIA-CFSA PDF