IIA Certified Financial Services Auditor CFSA Exam Practice Test

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Total 511 questions

Question 1

Investors typically cannot ascertain the exact makeup of a fund's portfolio at any given time, nor can they directly influence which securities the fund manager buys and sells or the timing of those trades. This is because of _______ in mutual funds.

Answer : B

Question 2

I- A gold producers wants to hedge his losses attributable to a fall in the price of gold for his

current gold inventory.

II- A cattle farmer wants to hedge his exposure to changes in the price of his livestock These are the examples of __________ who need to manage their exposure to fluctuations in the prices of their commodities.

Answer : B

Question 3

End users need to hedge the prices at which they can purchase these commodities for instance:

Answer : D

Question 4

Money market funds bond funds (also called ''fixed income'' funds) , and stock funds (also called equity funds) are the categories of:

Answer : A

Question 5

Overall ''market risk'' poses the greatest potential danger for investors in ____________.

Answer : C

Page:    1 / 14   
Total 511 questions