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Total 1259 questions
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Chartered Wealth Manager (CWM) Certification Level II Examination Questions and Answers

Question 113

Section B (2 Mark)

A fixed-rate mortgage for Rs210 000 with monthly payments is amortized over 20 years. The interest rate is 4.85% compounded semi-annually for a 7-year term. How much of the mortgage principal has been repaid by the end of the 7-year term?

Options:

A.

Rs. 52 065.16

B.

Rs. 62 427.44

C.

Rs. 85 118.18

D.

Rs. 157 934.84

Question 114

Section A (1 Mark)

The most profitable credit card customers for a bank are those that:

Options:

A.

Use their credit card frequently

B.

Pay off any charges incurred within a few days

C.

Charge at least Rs 5,000 per year

D.

Use their credit card as a source of installment loans

Question 115

Section A (1 Mark)

Which of the following is true regarding the resistance level?

Options:

A.

Resistance levels tend to develop due to profit taking.

B.

It is the level at which a significant decrease in demand is expected.

C.

It is the level at which a significant increase in supply is expected.

D.

Resistance levels usually develop after a stock reaches a new low.

Question 116

Section A (1 Mark)

____________ may be responsible for the prevalence of active versus passive investments management.

Options:

A.

Forecasting errors

B.

Overconfidence

C.

Mental accounting

D.

Conservatism

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Total 1259 questions
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