Summer Sale Limited Time 65% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: ecus65

SOFE AFE - Accredited Financial Examiner

SOFE AFE Premium Access     Download Demo    
Page: 9 / 9
Total 286 questions

Tax Act states that:

A.

A life insurer is subject to an investment income tax of 15 percent on its ‘net Canadian life investment income

B.

A life insurer is subject to an investment income tax of 25 percent on its ‘net Canadian life investment income

C.

A life insurer is subject to an investment income tax of 35 percent on its ‘net Canadian life investment income

D.

A life insurer is subject to an investment income tax of 45 percent on its ‘net Canadian life investment income

Final approval should be obtained prior to placing a new system into operation is the activity that can be fall into which control?

A.

Organizations and operations control

B.

System development control

C.

Access control

D.

Procedural control

There is pending litigation concerning the acquisition of a subsidiary and it is probable such litigation will result in its divestiture is an example of:

A.

Transaction control

B.

Subsidiary control

C.

Significance control

D.

Temporary control

Duration is a measure of the first-order interest rate sensitivity of a financial instrument.

A.

True

B.

False

The two most common types of dollar rolls are:

A.

Fixed-coupon and yield-maintenance agreements

B.

Variable-coupon and yield-maintenance agreements

C.

Fixed-coupon and Accounting agreements

D.

Variable -coupon and Principal agreements