Answer of I- With reference to the granting of customer credit lines a thorough analysis of the customer’s overall financial position is performed prior to trading authorization.
II-confirmations of each transaction are sent to customers indicating the quantity, delivery month and the contract price to ensure the integrity of transactions.
III-Original margin deposits in cash or acceptable securities to guarantee performance of contracts are determined in accordance These all are adequate procedures and controls associated with:
Answer of The benefits of an endowment insurance policy include all of the statements mentioned below EXCEPT:
Answer of A statement of cash flows in a financial report that shows incoming and outgoing money during a particular period (often monthly or quarterly). It does not include _________ items such as depreciation. The statement is a useful tool for determining the short-term viability of a company, particularly its ability to pay bills.
Answer of Which of the following is least expensive form of life coverage, at least initially?
Answer of Underwriting decisions are more influenced by what underwriters think they can sell to the public than
Answer of If principal is paid on a loan after it has been placed on non-accrual status, the bank must determine whether it should record the payment as a reduction of:
Answer of After implementation of a drop out recovery program, employment rate rose. The drop out recovery program is responsible for increases in employment and look for possible economic or other factors that might have contributed to the rise. This example may be referred towards:
Answer of Endowment policies are similar to___________ policies in that premiums are usually level through the term of policy and the policies build cash values.
Answer of An area of FOMC board responsibilities is the development and administration of regulation that implement major federal laws governing consumer credit, such as:
Answer of Preferred stock is similar to common stock in that it represents ownership in a corporation.
Preferred stockholders generally receive as fixed dividend rate. The types of preferred stock include all of the following EXCEPT:
Answer of End users need to hedge the prices at which they can purchase these commodities for instance:
Answer of Both residual and control risk need to be_______________ dealt with in project management.
Answer of The “discount on bonds payable” account is __________when a bound sells at discount. The “premium on bond payable” is ____________ when a bond sells a premium.
Answer of Which of the following best suits in place of question mark?
Answer of Securities are divided into five categories. Type I securities are also known as:
Answer of In case of an annuity with a spread of 3%, if the index gained 9%, the return credited to the annuity would be:
Answer of Business continuation insurance protects a business against the potential economic loss resulting from the passing or disability of key executives and/or employees. This is the insurance coverage which comes under the umbrella heading of:
Answer of If investment returns are very poor, this could lead to:
Answer of A participant’s right to receive partial or full benefits under a private retirement plan even if the participant terminates employment prior to retirement is referred to as