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CISI ICWIM - International Certificate in Wealth & Investment Management

Page: 4 / 6
Total 174 questions

Unsecured negotiable bearer securities that are issued by companies with a full stock market listing are known as:

A.

Certificates of Deposit

B.

Commercial Paper

C.

Bills of Exchange

D.

Treasury Bills

Which one of the following would cause a shift to the right in aggregate demand?

A.

A decrease in consumer confidence

B.

An increase in expected inflation

C.

Depreciation of the pound against other currencies

D.

A decrease in expected inflation

A business may need key person protection because:

A.

The business relies on the input of an individual

B.

It is a very small business

C.

It is to cover a very significant customer

D.

Its profits are very seasonal

Which term is used to describe a dividend payment made by a company with insufficient earnings to do so?

A.

An ex-dividend payment

B.

A proxy dividend payment

C.

A scrip dividend payment

D.

An uncovered dividend payment

The Financial Action Task Force (FATF) was created to:

A.

Improve financial regulation in G7 member states

B.

Support countries in developing their financial regulation

C.

Support international efforts to end safe havens for corrupt funds

D.

Combat international money laundering and international terrorism

Which type of individual is most likely to be subject to enhanced due diligence (EDD) checks?

A.

A company director

B.

A corporate client

C.

A government official

D.

A high-net-worth individual

Which term is used to describe a dividend payment made by a company with insufficient earnings to do so?

A.

An ex-dividend payment

B.

A proxy dividend payment

C.

A scrip dividend payment

D.

An uncovered dividend payment

Which of these banks are likely to have relatively few legacy issues?

A.

Central bank

B.

Challenger bank

C.

Online bank

D.

Retail bank

Once an offshore foundation is established, who will normally be responsible for making ongoing decisions regarding the operational use of the foundation's assets?

A.

The board of directors

B.

The trustees

C.

The council

D.

The beneficiaries

If a company’s Economic Value Added (EVA) is negative, this means that:

A.

The rate of growth in the company’s value is slowing down

B.

The company’s value is being destroyed

C.

The rate of growth in the company’s value is below that of the sector average

D.

The company’s value is nil