IIA IIA-CFSA Online Practice Questions and Exam Preparation

IIA IIA-CFSA Online Questions & Answers

• Question 351:

  The term umbrella market segmentation is referred to:

  A. Financial services
  B. Insurance companies
  C. Banks
  D. Brokerage Houses
  A. Financial services

• Question 352:

  Which statement is correct concerning commercial letters of credit?

  A. A letter of credit is not a negotiable instrument, and the contract of sale between the buyer and seller is independent of the letter of credit
  B. A letter of credit is not a negotiable instrument, and the contract of sale between the buyer and seller is dependent of the letter of credit
  C. A letter of credit is a negotiable instrument, and the contract of sale between the buyer and seller is independent of the letter of credit
  D. A letter of credit is a negotiable instrument, and the contract of sale between the buyer and seller is dependent on the letter of credit
  B. A letter of credit is not a negotiable instrument, and the contract of sale between the buyer and seller is dependent of the letter of credit

• Question 353:

  A less satisfactory option in dental insurance is the:

  A. HMO plan
  B. PPO plan
  C. IPA plan
  D. None of these
  A. HMO plan

• Question 354:

  Many businesses generally find CDs to be a:

  A. Satisfactory money management approach
  B. More than satisfactory money management approach
  C. Less than satisfactory money management approach
  D. Dissatisfactory money management approach
  C. Less than satisfactory money management approach

• Question 355:

  In which of the following ways would the writer of an uncovered call usually make a profit? The call expires

  II. The underlying stock splits

  III. The underlying stock goes up in price

  IV.

  The underlying Stock goes down in price

  A. III only
  B. I and IV only
  C. II and IV only
  D. I, II, and III only
  B. I and IV only

• Question 356:

  The companies strive to improve customer acquisition, services and retention through the use of following methods EXCEPT:

  A. Market Analysis
  B. Customer relationship management
  C. One-to-one marketing
  D. None of these
  C. One-to-one marketing

• Question 357:

  Banks provide the following personal trust services for individuals EXCEPT:

  A. Trust Development
  B. Serves as Co-fiduciary
  C. Serve as Agent and guardian of Estates
  D. None of these
  D. None of these

• Question 358:

  Life insurance policy in which two people are covered on one policy is called:

  A. Mortgage life insurance
  B. Group life insurance
  C. Whole life insurance
  D. Survivors universal insurance
  D. Survivors universal insurance

• Question 359:

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

• Question 360:

  Insurance policies are good for insurance needs, however, as a main investment vehicles, they have considerable downsides.

  A. A majority of a premium payments is "part of commission" a small percent of your moneygoes towards the investment avenue.
  B. The guaranteed cash value, or accumulation value of your investment is normally such a low percentage, typically one to three percent.
  C. You would be much better off using a traditional investment vehicle than an insurance policy as an investment
  D. Only A and B
  D. Only A and B