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Total 511 questions

Certified Financial Services Auditor Questions and Answers

Question 5

An area of FOMC board responsibilities is the development and administration of regulation that implement major federal laws governing consumer credit, such as:

Options:

A.

Truth bending Act and the equal credit opportunity Act

B.

Home Mortgage disclosure Act and truth savings ACT

C.

Sunshine Act

D.

Only A & b

Question 6

“A negotiated offering in which a new issue of municipal securities is sold on an agency basis by a placement agent directly to institutional or private investors rather than through an offering to the general investing public” is referred as:

Options:

A.

Public offering

B.

Private placement

C.

over the counter trade

D.

None of these

Question 7

Purchasers of universal life policies specify the policy’s face amount and whether the death benefit will be level or vary as the policy’s cash value changes. Under level death benefit policies the death benefit payable:

Options:

A.

Equals the policy’s face amount

B.

More than the policy’s face amount

C.

Less than the policy’s face amount

D.

Is policy’s face value plus any accumulated cash value

Question 8

Basel II aims to improve the security and long-term viability of the financial system by focusing on bank’s ____________

Options:

A.

Internal control System

B.

Supervisory discipline

C.

Marketing discipline

D.

None of these

Page: 2 / 19
Total 511 questions