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CWM_LEVEL_2 Exam Dumps - Chartered Wealth Manager (CWM) Certification Level II Examination

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Question # 33

Section A (1 Mark)

Financial Gerontology tries to assess client needs based on __________

A.

Demographics of middle aged children and their elderly parents

B.

Interconnections of financial legal and ethical issues

C.

Options for financing health and long term care

D.

All of the above

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Question # 34

Section A (1 Mark)

________________ is the most important source of revenue for local governments in US

A.

Income Tax

B.

Sales Tax

C.

Property Tax

D.

None of the above.

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Question # 35

Section B (2 Mark)

Which of the following factors affect the price of a stock option?

A.

The risk-free rate.

B.

The riskiness of the stock.

C.

The time to expiration.

D.

A, B, and C.

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Question # 36

Section A (1 Mark)

A(n) _________________________ combines a normal debt instrument with a credit option. It allows the issuer of the debt instrument to lower its loan repayments if some significant factor changes.

A.

Credit Futures

B.

standby letter of credit

C.

credit linked note

D.

credit swap

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Question # 37

Section A (1 Mark)

Essential requirement for the person who can attest the will is that he

A.

Must be a relative

B.

Must be one of the beneficiaries

C.

Must witness the testator executing the will

D.

Must be lawyer

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Question # 38

Section A (1 Mark)

The length of the insurance industry’s business cycle is shortened because of

A.

Regulatory provisions

B.

High specialization

C.

Easy entry and exit conditions

D.

None of these

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Question # 39

Section A (1 Mark)

In a short call, profit is

A.

Unlimited

B.

Limited to premium

C.

Premium Plus Market Price minus exercise price

D.

Premium minus exercise price

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Question # 40

Section A (1 Mark)

An aggressive asset allocation would contain larger proportions of __________ than a conservative allocation.

A.

Cash and bonds

B.

Bonds and large-cap stocks

C.

Small-cap and international stocks

D.

Bonds

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