Online Access Free IIA-CFSA Practice Test

_____________ funds may specialize in a particular industry segment, such as technology or consumer products stocks.

• A.Index
• B.Sector
• C.Growth
• D.Income

The types of accounts that bear interest include savings accounts, negotiable orders of withdrawal (NOW) accounts, and certificates of deposit. These interest bearing accounts are known as:

• A.Both A & B
• B.Due from balances
• C.Interest bearing deposits/accounts
• D.Time deposits

The approximate per-share NAV plus any fees the fund imposes is the price:

• A.That investors receive on redemptions
• B.That investors pay to purchase mutual fund
• C.Per share NAV
• D.All of these

Information technology general controls set the foundation for effective control over computerized information system assets. General controls apply to the entire computer operation. Which of the following is/are NOT out of these controls?

• A.Input controls
• B.Security administration
• C.Administrative controls
• D.Security controls

Under the principles of bank accounting, loans reported as non-performing have not yet been charged off as _____________.

• A.prepaid
• B.Expense
• C.Losses
• D.Income