Online Access Free IIA-CFSA Exam Questions

Federal Reserve Board has:

• A.Regulatory responsibilities
• B.Supervisory responsibilities
• C.All of these
• D.Monetary policy

If more funds than expected are needed to cover loans losses in a given period, the reserve must be increased and the difference is charged to:

• A.Administration expenses
• B.Prepaid assets
• C.Operating expenses
• D.Loan expenses

The primary regulatory entities of banking industry include:

• A.Office of the comptroller of the currency
• B.Federal reserve system
• C.All of these
• D.Federal deposit insurance Cooperation

These are used to speculate on the direction of interest rates. The trading of these contracts is limited. The future market is the main trading market for securities based on interest-rate movements. What are these?

• A.Index options
• B.Put Options
• C.Interest rate options
• D.Call Options

Most certificates are held by the depository trust company as custodians for the trustee for the benefit of the certificate holders, and the notice of book entry is made to the certificate holders simultaneously with the distribution. The actual certificates, but instead only possess a record of ___________.

• A.When they purchased?
• B.Where they are?
• C.All of these
• D.What they have?