Download Full Version CWM_LEVEL_2 AAFM Exam

Chartered Wealth Manager (CWM) Certification Level II Examination Questions and Answers

Question 153

Section A (1 Mark)

The covariance of the market returns with the stocks returns is 0.007. The standard deviation of the market is 7% and standard deviation of stock’s return is 10%. What is the correlation coefficient between stocks and market returns?

Options:

0.5

0.91

1.25

Question 154

Section A (1 Mark)

Which of the following is an advantage of a credit scoring model?

Options:

Credit scoring models rely on the evaluation of an experienced credit officer

Credit scoring models are immune from charges of discrimination

Credit scoring models never make mistakes

Credit scoring models can handle a large volume of applications in a short period of time

Question 155

Section A (1 Mark)

Teena Dutta wants to buy a used car and wants a loan that she will pay off over the next three years with monthly payments. What type of loan does Teena want?

Options:

Residential mortgage loan

Installment loan

No installment loan

Revolving line of credit

Question 156

Section B (2 Mark)

Which one of the above statements is/are incorrect?

Options:

(i) only

(ii) only

Both

None of the above

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Download Full Version CWM_LEVEL_2 AAFM Exam

Chartered Wealth Manager (CWM) Certification Level II Examination Questions and Answers

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CompTIA

Fortinet

Microsoft

Salesforce