Online Access Free CSC2 Practice Test

Which vehicle is least appropriate for an institutional investor?

• A.Family office
• B.University endowment
• C.Discount broker
• D.Dark pool

All things being equal and assuming a stable economy, which factor most likely limits the effectiveness of fiscal policy?

• A.Level of inflation.
• B.Time required to approve tax legislation.
• C.Level of short-term interest rates.
• D.Level of tax rates.

An advisor to explain the benefits of labour sponsored funds (LSVCC) to some of his clients.
With which client should the advisor have this discussion?

• A.Client 4
• B.Client 1
• C.Client 3
• D.Client 2

How does asset-backed commercial paper (ABCP) differ from mortgage-backed securities?

• A.ABCP guarantees principle repayment if held to maturity
• B.ABCP offers maturity dates of at least three years.
• C.ABCP minimizes roll-over risk.
• D.ABCP provides high liquidity.

What is the normal shape of a yield curve?

• A.inverted
• B.Upward slops
• C.Humped
• D.Downward slope