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IIA IIA-CFSA Exam Dumps - Valid Questions Answers

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IIA-CFSA Questions and Answers

Question # 1

Known limitations of VaR methodology include the fact that changes in market may not tend to normal distribution (specifically, that very large movements are more likely than predicated by the normal distribution assumption); BECAUSE:

A.

Correlation between market movement can vary (especially during periods of stress in themarket)

B.

The changes in present values are not perfectly linearly related to changes market rates.

C.

The use of one day horizon does not fully capture the market risk of positions that cannot be liquidated in one day.

D.

All of these

Question # 2

The tax implications are to be considered in case of life insurance. As, you can take out in chunks to supplement the income, and minimize tax burden, while keeping the majority still under the tax differed status (Not to mention the benefit of Roth IRA).So, the end result of what you have is for disposable income is once again better with the:

A.

401K

B.

Whole life Insurance

C.

Term life Insurance

D.

None of these

Question # 3

The accounting standards in the United State are:

A.

Generally accepted accounting principles

B.

U.S. Generally accepted accounting principles

C.

IFRS Standards

D.

None of these

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