A dealer is selling securities to a client. What is the yield/price at which the dealer will sell?

• A.Bid price
• B.After-tax price
• C.Ask price
• D.Market price

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Which currency will sell at the greatest discount in the forward market against the U.S. dollar?

• A.Canadian dollar
• B.Mexican peso
• C.Euro
• D.Japanese yen

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Which statement is true about credit unions?

• A.They offer lending rates similar to other financial institutions.
• B.They are not-for-profit organizations.
• C.They can only be chartered by state agencies.
• D.Their deposits are insured by the FDI

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During a company's cash flow analysis review it discovers that for every 10 new customers it gains, there is an increase of 2% in its float costs associated with the payment methods it offers. If the company pursues faster collection methods for payments, resulting in greater availability of surplus cash with a correlating decrease in the need to issue commercial paper, what risk will the company mitigate?

• A.Settlement
• B.Liquidity
• C.Float
• D.Disbursement

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According to risk management experts, the BEST approach in managing operational risk is to:

• A.document all company policies and procedures to ensure appropriate training for new staff.
• B.create a strong technological infrastructure that can identify security breaches as they occur.
• C.maintain a strong business continuity plan that can be used in disaster situations.
• D.develop a corporate culture that promotes individual responsibility and supports educated risk taking.

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