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Free IIA-CFSA Questions Attempt

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Total 511 questions

Certified Financial Services Auditor Questions and Answers

Question 61

One fund may invest on mostly established “blue chip” (Companies that pay regular dividends). Another fund may invest in newer technology companies that pay no dividends but that may have more potential for growth. These are the examples of:

Options:

A.

Mutual funds

B.

Index funds

C.

Stock funds

D.

Bond funds

Question 62

Money market funds bond funds (also called “fixed income” funds) , and stock funds (also called equity funds) are the categories of:

Options:

A.

Mutual funds

B.

Professionally managed portfolio

C.

Hedge funds

D.

None of these

Question 63

A UIT typically issues redeemable securities (or “units”), like a mutual fund, which means:

Options:

A.

That the UITs typically will make a one-time “public offering”

B.

A UIT does not activity trade its investment portfolio

C.

That the UIT will, buy back an investor’s request at their approximate net asset value

D.

All of these

Question 64

____________ swaps give companies extra flexibility to exploit their comparative advantage in their respective borrowing markets.

Options:

A.

Fixed-floating swaps

B.

Currency swaps

C.

Interest rate swaps

D.

None of these

Page: 16 / 19
Total 511 questions