Free IIA-CFSA Exam Dumps

MultipleChoice

A special servicer is the servicer who assumes servicing responsibilities when a loan goes into default and conducts the work-out ''or foreclosure process. There are various scenarios typical for determining special servicers; as mentioned below, EXCEPT:

MultipleChoice

The term ''thrift institution'' is referred to:

MultipleChoice

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.

MultipleChoice

''An incoming wire transfer with instruction to pay the beneficiary upon presentment of proper identification. The beneficiary usually does not maintain a checking or savings account with the paying financial institution.'' This definition refers to:

MultipleChoice

Pension Benefit Guarantee Corporation (PBGC) insures ''Defined benefit plan'', so employees assume _____________ for any option they contribute.

MultipleChoice

Banks also serves as ''registrar'' for stocks and bond issues. The registrar accounts for all shares issued, certificates outstanding, and Certificates cancelled. The role/s of the registrar is/are:

MultipleChoice

The ''combined ratio'' of an insurance company is the ratio from combining which of the following?

1. The ''loss ratio.''

2. The ''other underwriting expense ratio.''

3. The ''expense ratio.''

4. The ''IBNR.''

MultipleChoice

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

MultipleChoice

Overall ''market risk'' poses the greatest potential danger for investors in ____________.