Free Access AAFM.GLO_CWM_LVL_1.v2021-10-25.q359 Practice Test (Page 51)

Question 246

There are two parties to Power of Attorney, namely, Donor and Donee.

A.Both (i) & (ii) are correct

B.Only ii is correct

C.Only i is correct

D.Both (i) & (ii) are incorrect

Question 247

Under which of the following steps does the wealth manager develops a SWOT chart for the client

A.Analyzing Financial Issues

B.Developing a Wealth Management Plan

C.Identifying Goals and Objectives

D.Identifying and Clarifying the Current Situation

Question 248

Which of the following is / are demand liabilities?

A.Cash Certificates

B.All of the above

C.Gold deposits

D.Current deposits

Question 249

Stock A & B are positively correlated with a correlation co efficient of .75. When stock A moves up by 12%, how will stock B perform?

A.Stock B will move up by 12%

B.Stock B will move up by 9%

C.Stock B will move down by 12%

D.Stock B will move down by 9%

Question 250

Which of the following statement best describes the Cash Flow Planning Process?

A.It is the process of marking the major present expenditures and making planned investments so that the required amount may or may not be accumulated within the required time frame.

B.It is the process of marking the major future expenditures (only short-term) and making planned investments.

C.It is a budget for expenses and income.

D.It is the process of marking the major future expenditures (both short-term and long-term) and making planned investments so that the required amount is accumulated within the required time frame.

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