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ICWIM Exam Dumps - International Certificate in Wealth & Investment Management

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Question # 25

The coupon on a bond has been expressed in real terms, rather than as a nominal amount. This is because:

A.

It is an inflation-linked bond

B.

Its redemption date is longer than 10 years

C.

It is an unsecured instrument

D.

It is a bearer bond

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Question # 26

How does a negative interest rate policy aim to boost lending?

A.

Interest is not charged on loans

B.

Consumers are paid to borrow money

C.

By discounting the interest rate charged on loans

D.

By penalising banks for holding surplus cash

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Question # 27

Once an offshore foundation is established, who will normally be responsible for making ongoing decisions regarding the operational use of the foundation's assets?

A.

The board of directors

B.

The trustees

C.

The council

D.

The beneficiaries

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Question # 28

Which index tracking method requires a swap agreement?

A.

Full replication

B.

Stratified Sampling

C.

Synthetic Replication

D.

Optimisation

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Question # 29

Why might a portfolio manager use an equity fund rather than direct equity investment within a portfolio?

A.

To avoid paying capital gains tax

B.

To gain exposure to a specialist sector

C.

In order to reduce ongoing charges

D.

To benefit from changes in volatility

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Question # 30

Which type of corporate action can only occur if a resolution is passed to forgo pre-emption rights?

A.

Placing

B.

Share buyback

C.

Stock split

D.

Warrant exercise

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