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Question 1 of 30
1. Question
Effective exposure would involve the existing laws in terms of possession, investor rights and asset security, which may be a difficult challenge when investing cross-border. What do regional or multinational, well reported equity investments require?
Correct
1.Research on businesses, business industries, regional markets and macroeconomic patterns, and
2. Structure, producing, selling and exchanging of newly released shares, shares-linked and stock-derived securities as well as organized fixed income instruments.Incorrect
1.Research on businesses, business industries, regional markets and macroeconomic patterns, and
2. Structure, producing, selling and exchanging of newly released shares, shares-linked and stock-derived securities as well as organized fixed income instruments. -
Question 2 of 30
2. Question
Effective decisions are rarely created at the speed of the moment. One of the easiest ways to risk capital is by pursuing the pattern of the economy, or by purchasing protection favoured by certain buyers. Not only are the customer’s needs specific targets, and the danger and reward analysis a must for the accurate and recorded distribution of funds, but also this model:
Correct
This profile must also be balanced against market conditions that are rapidly evolving and should be subject to rigorous analysis on its viability, followed by a concentrated risk reduction campaign.
Incorrect
This profile must also be balanced against market conditions that are rapidly evolving and should be subject to rigorous analysis on its viability, followed by a concentrated risk reduction campaign.
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Question 3 of 30
3. Question
It is the responsibility of the personal banker to support clients in the selection of their goals, and that must be achieved at two rates of reference The creation of an efficient banking partnership marked by shared confidence and clear control of the client’s funds, including the cost-effective implementation of transactions including the purchasing and sale of financial goods. As regards the second stage, steady asset management includes work and study on asset selection and reallocation, which is a steady phase due to shifting market conditions. One of the fundamental principles for the distribution of funds, for example, is that returns on capital are:
Correct
One of the fundamental principles for the distribution of assets is that returns on capital are higher where capital is limited and lower, even much lower, when capital is ample.
Incorrect
One of the fundamental principles for the distribution of assets is that returns on capital are higher where capital is limited and lower, even much lower, when capital is ample.
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Question 4 of 30
4. Question
The Basel Committee on Banking Supervision has concentrated on operating risk, which is basically the possibility of human error. What one of the below is not one of the examples?
Correct
The Basel Committee on Banking Supervision has concentrated on operational danger, basically the possibility of human error, including network implementation errors, computer technology weaknesses, theft and other misbehavior, and the lack of internal controls, the effectiveness of which is critical to all financial activities, including payments and transactions.
Incorrect
The Basel Committee on Banking Supervision has concentrated on operational danger, basically the possibility of human error, including network implementation errors, computer technology weaknesses, theft and other misbehavior, and the lack of internal controls, the effectiveness of which is critical to all financial activities, including payments and transactions.
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Question 5 of 30
5. Question
Knowing that your consumer is a sound philosophy, particularly in a globalized financial climate that has decoupled banks and fund managers from their customers, where long- partnerships that have prevailed in the past are no longer the order of the day. While the ordinary investor has quick exposure to the world of financial details and the opportunity to exchange stocks anonymously via the Internet:
Correct
Growing numbers of high net worth individuals are shifting to skilled investment consultants.
The internet is a wonderful means of communication, but protection is weak and human contact has been lost.Incorrect
Growing numbers of high net worth individuals are shifting to skilled investment consultants.
The internet is a wonderful means of communication, but protection is weak and human contact has been lost. -
Question 6 of 30
6. Question
High net worth people are often busy workers who tend to expend as little time as possible handling their assets in capricious markets, so the regulations are enforced after repeated scandals that cause authorities to be stricter so lawmakers to modify the spirit of the law. Usually, but not always, these current regulations revolve around the twin principle that accountability in financial statements will prevail and that consumer disclosure must be handled in an equitable fashion, regardless of how the accounts are held:
Correct
Usually, but not always, these current regulations revolve around the twin principle that clarity in financial statements will dominate and that consumer risk must be handled in an equitable fashion, irrespective of how the liabilities are kept on the balance sheet, off-balance sheet, as funds under administration or on a trust basis.
Incorrect
Usually, but not always, these current regulations revolve around the twin principle that clarity in financial statements will dominate and that consumer risk must be handled in an equitable fashion, irrespective of how the liabilities are kept on the balance sheet, off-balance sheet, as funds under administration or on a trust basis.
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Question 7 of 30
7. Question
Investment advisors and wealth management practitioners in private banking can also use specialist programs when consulting with the company to develop:
Correct
Private banking financial managers and wealth management practitioners can also utilize specialist programs in collaborating with investors to build a list of investing goals, relevant targets, a strategy to meet them, and methods and means of managing financial and tax preparation.
Incorrect
Private banking financial managers and wealth management practitioners can also utilize specialist programs in collaborating with investors to build a list of investing goals, relevant targets, a strategy to meet them, and methods and means of managing financial and tax preparation.
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Question 8 of 30
8. Question
Through combining inheritance planning and tax preparation with investment choices, it is important to insure the investment recommendations:
Correct
By combining estate and tax preparation with investment choices, it is important to insure the investment strategies are tailored to carry out the overall estate strategy and are compatible with the corporate intent of the institution’s private banking operations.
Incorrect
By combining estate and tax preparation with investment choices, it is important to insure the investment strategies are tailored to carry out the overall estate strategy and are compatible with the corporate intent of the institution’s private banking operations.
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Question 9 of 30
9. Question
Some analysts agree that a stronger investment strategy will aim to use less items that have been deliberately chosen in the portfolio. Less complexity is simpler to assess in terms of visibility, as well as to gain insight into increasing role, which helps one to stay aware of market forces. This strategy allows the investor to state explicitly that the goal of the investor is:
Correct
This strategy allows the investor to specify explicitly that his or her goal is: revenue, constant cash flow from bonds and other assets, growth, the development of capital over time by market inflation rather than current income, or overall return, alternating, for example, between fixed income assets for current income and equity for production.
Incorrect
This strategy allows the investor to specify explicitly that his or her goal is: revenue, constant cash flow from bonds and other assets, growth, the development of capital over time by market inflation rather than current income, or overall return, alternating, for example, between fixed income assets for current income and equity for production.
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Question 10 of 30
10. Question
As the targets are daunting and the danger involved with investing may be high, in many situations the private banking and institutional banking divisions of the bank need to collaborate closely in order to leverage the potential of transactions that are of value to all groups, as well as to maintain the exposure under lock and key. The goal is to ensure that, though each specific client receives a customized investment plan to match his or her:
Correct
The goal is to insure that, although each particular customer provides a customized range of investments to match his or her goals and risk profile in the context, there is a cohesive analysis and quality assurance strategy that can be centered as the situation needs.
Incorrect
The goal is to insure that, although each particular customer provides a customized range of investments to match his or her goals and risk profile in the context, there is a cohesive analysis and quality assurance strategy that can be centered as the situation needs.
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Question 11 of 30
11. Question
A program solution should therefore take account of the modes of connectivity that are changing themselves to ensuring that effective consumer interaction is complemented by prominent-edge innovation. If the goal is private banking customers or retail buyers, technology enables business partnerships to be stepped up:
Correct
If the goal is private banking customers or retail buyers, automation allows customer partnerships to be stepped up: automating repetitive processes and delivering individualized information.
Incorrect
If the goal is private banking customers or retail buyers, automation allows customer partnerships to be stepped up: automating repetitive processes and delivering individualized information.
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Question 12 of 30
12. Question
The portfolio structure will be more responsive to the interests of the client, which could alter over time for personal or other reasons; for example, due to the business transition:
Correct
The portfolio structure would be more responsive to the expectations of the manager, which can shift over time for personal or other reasons; for example, as a consequence of a financial adjustment From low interest rates to higher interest rates, from recession to inflation to higher inflation, or an unexpected improvement in the stock market.
Incorrect
The portfolio structure would be more responsive to the expectations of the manager, which can shift over time for personal or other reasons; for example, as a consequence of a financial adjustment From low interest rates to higher interest rates, from recession to inflation to higher inflation, or an unexpected improvement in the stock market.
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Question 13 of 30
13. Question
There is a lot of investment exposure inherent in the search of better total returns. Although technically the amount of danger may be minimized by:
Correct
There is a lot of financial exposure inherent in the search of higher overall returns. Whereas ideally, the extent of risk may be minimized by diversification and regular adjustments to rebalance any excesses that occur, in reality, vulnerability to credit risk and market risk is still true and current.
Incorrect
There is a lot of financial exposure inherent in the search of higher overall returns. Whereas ideally, the extent of risk may be minimized by diversification and regular adjustments to rebalance any excesses that occur, in reality, vulnerability to credit risk and market risk is still true and current.
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Question 14 of 30
14. Question
Because income from private banking and wealth management activities is considered to be fairly secure and carries less risk than either trading or lending, these two product lines are being sought by banks looking to diversify from other, more traditional or more uncertain, business networks. The competitiveness of private banking is further enhanced by the reality that, apart from the initial entry costs:
Correct
The competitiveness of private banking is also enhanced by the fact that, apart from initial entrance expenses, it has smaller capital requirements than, say, investing, and its operations usually display on-balance sheet, although most of the transactions are off-balance sheet.
Incorrect
The competitiveness of private banking is also enhanced by the fact that, apart from initial entrance expenses, it has smaller capital requirements than, say, investing, and its operations usually display on-balance sheet, although most of the transactions are off-balance sheet.
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Question 15 of 30
15. Question
The downside to this approach, adopted by many private banks, is that of a reputational danger that is greater in wealth management than in conventional banking. It is also advisable for financial unions, traders, investment banks and other organizations involved in the managing of funds to pay careful attention to the correct evaluation of:
Correct
It is also important for financial unions, traders, investment banks and other companies involved in fund management to pay careful attention to the correct estimation of the customer profile and the risk tolerance of the borrower.
Incorrect
It is also important for financial unions, traders, investment banks and other companies involved in fund management to pay careful attention to the correct estimation of the customer profile and the risk tolerance of the borrower.
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Question 16 of 30
16. Question
In general, more risky assets give more opportunities for development in the longer term, but they may also contribute to greater losses. Particularly so- capital- goods can produce zero returns. Structured products fell into this grouping since, while they guarantee the capital invested at maturity, some six to seven years down the track, over the span creditors assume:
Correct
Credit danger, whether the issuer and/or guarantor of the transaction the default, and market risk, that at maturity the borrower would obtain only his original money, forfeiting the interest that a more risk-free, safe investment (e.g. government bonds) might have generated.
Incorrect
Credit danger, whether the issuer and/or guarantor of the transaction the default, and market risk, that at maturity the borrower would obtain only his original money, forfeiting the interest that a more risk-free, safe investment (e.g. government bonds) might have generated.
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Question 17 of 30
17. Question
Currency exchange risk is a critical aspect where the chosen currency of the borrower is clearly specified and so it is important to quantify the possible gains and losses from transactions in various currencies. Overall, the expert system incorporates the knowledge in the area in:
Correct
Overall, the expert program incorporates awareness of the Securities, Bonds and other instruments, including their market(s) and price(s), foreign currency markets, exchange rates and related nation risk.
Incorrect
Overall, the expert program incorporates awareness of the Securities, Bonds and other instruments, including their market(s) and price(s), foreign currency markets, exchange rates and related nation risk.
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Question 18 of 30
18. Question
Expert objects are simply a tool for the industrialization of information. Reduced to nuts and bolts, the key modules of the expert framework established a few years ago by the author for a commercial bank are presented:
Correct
Reduced to nuts and bolts, introduces the key modules of an expert framework developed by the author for a commercial bank many years ago, which is focused on a non- approach, contains an inference process, offers rationale for its investment guidance, and offers a learning facility that helps to enhance its consistency over time.
Incorrect
Reduced to nuts and bolts, introduces the key modules of an expert framework developed by the author for a commercial bank many years ago, which is focused on a non- approach, contains an inference process, offers rationale for its investment guidance, and offers a learning facility that helps to enhance its consistency over time.
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Question 19 of 30
19. Question
Usually, expert systems developed as investment advisors have a large number of rules to provide a limited number of answers. They are also designed to act in the way a human investment advisor should behave. When they are more mature, they are in a position to tackle very complicated investment decisions such as:
Correct
As they become more advanced, they become able to address fairly complex investment decisions such as: including various types of assets, incorporating financial analysis of an increasing variety of stocks, addressing capital finance cases and evaluating the tax consequences of the proposed transaction.
Incorrect
As they become more advanced, they become able to address fairly complex investment decisions such as: including various types of assets, incorporating financial analysis of an increasing variety of stocks, addressing capital finance cases and evaluating the tax consequences of the proposed transaction.
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Question 20 of 30
20. Question
Expert networks built around these narrowly defined concepts typically have a abundance of knowledge, since they are networked to rich repositories. They have a number of expert guidelines, representing the fact that many domain experts have been consulted by technical engineers.The latter studied the art of foreign exchange domain experts and adapted the program to the needs of advanced foreign exchange operations, including:
Correct
The latter studied the expertise of foreign exchange domain specialists and adapted the program to the needs of advanced forex transactions, including industry expectations, company customer forms, consumer preferences and rights, forex market position, pattern and mood.
Incorrect
The latter studied the expertise of foreign exchange domain specialists and adapted the program to the needs of advanced forex transactions, including industry expectations, company customer forms, consumer preferences and rights, forex market position, pattern and mood.
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Question 21 of 30
21. Question
Caveat emptor is a provision in Roman law sometimes applied to in economic and financial transactions. It says ‘let the buyer take care of things.’ This is widely known to be a healthy way to run a business, not just because it has existed for so many decades, but also for realistic purposes. The drawback of Caveat emptor is that of today’s dynamic financial instruments:
Correct
The small investor may not have a great deal of knowledge of the risks associated and expected, many of the high net wealth individuals expect exposures with just a marginal gain, and even large investors face circumstances in which they have had little training and lack the requisite risk management expertise.
Incorrect
The small investor may not have a great deal of knowledge of the risks associated and expected, many of the high net wealth individuals expect exposures with just a marginal gain, and even large investors face circumstances in which they have had little training and lack the requisite risk management expertise.
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Question 22 of 30
22. Question
The roles of wealth management have been specified differently by various experts and their organizations. Part of the explanation for these contradictions is that the banks are not the only participants in the sector under consideration. What both of these measures share in common, though, is that, as illustrated in the Introduction, asset management at various rates requires both:
Correct
How both of these strategies share in common, though, is that, as illustrated in the Introduction, investment management at various rates encompasses both: programs for private entities and fund management programs for institutional investors.
Incorrect
How both of these strategies share in common, though, is that, as illustrated in the Introduction, investment management at various rates encompasses both: programs for private entities and fund management programs for institutional investors.
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Question 23 of 30
23. Question
Through several years, banks have played a crucial role in offering financial guidance to their customers.
Added interest derives from the idea that not only has their participation grown in private banking, but that the tools and approaches employed have also improved. They were made more advanced for three key reasons:Correct
They have been more advanced for three major causes Market dynamics guided by consumer needs, rising rivalry due to new entrants and the innovative position played by state-of – the-art technology.
Incorrect
They have been more advanced for three major causes Market dynamics guided by consumer needs, rising rivalry due to new entrants and the innovative position played by state-of – the-art technology.
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Question 24 of 30
24. Question
Buying stocks and bonds may have an effect on financial savings, but at the same moment, these two meanings represent specific items. According to Caouette et al., money managers may invest in a broad variety of things, from equity to real estate, but essentially they have two methods of generating profits:
Correct
To the point that they are willing to lend capital on a fair rental basis, they benefit from taking credit risk.
To the point that they are willing to purchase low and offer big, they overcome market danger and earn profits by demand inflation.Incorrect
To the point that they are willing to lend capital on a fair rental basis, they benefit from taking credit risk.
To the point that they are willing to purchase low and offer big, they overcome market danger and earn profits by demand inflation. -
Question 25 of 30
25. Question
The type of expertise needed today by investment advisors and fund managers and the high-tech resources that they would have at their fingertips. Moreover, their abilities need to be held up-to-date and developed, as global fund management needs comprehensive awareness of the world’s capital markets, as well as the experience of:
Correct
Their capabilities need to be held up-to-date and extended, because global fund management needs comprehensive awareness of the world’s capital markets, as well as experience from economists, equities analysts, bond instrument experts and currency exchange specialists.
Incorrect
Their capabilities need to be held up-to-date and extended, because global fund management needs comprehensive awareness of the world’s capital markets, as well as experience from economists, equities analysts, bond instrument experts and currency exchange specialists.
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Question 26 of 30
26. Question
Cross-border comparison between private banking firms and asset management divisions is not simple because before yields on shares, or payments on assets, denominated in different currencies and countries can be measured, they need to be translated into a comparable currency at forward exchange rate. That being said, as far as the competitiveness of private banking and wealth management is concerned, there are variations that could be due to:
Correct
There are variations that may be due to the current local market dynamics, credit ratings of private banking entities, strategic moves by bank rivals, or what local investors may afford to pay for payments.
Incorrect
There are variations that may be due to the current local market dynamics, credit ratings of private banking entities, strategic moves by bank rivals, or what local investors may afford to pay for payments.
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Question 27 of 30
27. Question
Grass revenues, but also higher costs, are reported at the height of the company ladder and other counterparties, with the top 2% delivering about half of the year’s income. Since such figures are relatively well established in the banking business, financial firms have gradually segmented their clients into productivity tranches for more than two decades. Nonetheless, tiering often has disadvantages, especially for marketing purposes, as follows:
Correct
Many conventional pricing systems struggle to calculate the future interest of a client, so the measurement of income so loss (P&L) in a tranche might be skewed, since such organizations typically evaluate only previous purchases.
Incorrect
Many conventional pricing systems struggle to calculate the future interest of a client, so the measurement of income so loss (P&L) in a tranche might be skewed, since such organizations typically evaluate only previous purchases.
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Question 28 of 30
28. Question
What a individual spends today is not necessarily a reasonable indicator of what he or she will invest tomorrow, as job trends, personal life, and expenditure habits change with time. A specific argument is true for institutional investors. In order to be able to execute these improvements in a reliable way and to enforce the Know Your Customer (KYC) concept efficiently, it is prudent to establish an internal management structure that provides the bank with business-oriented knowledge on:
Correct
It is important to establish an internal management structure that provides the bank with business-oriented knowledge on growing client transaction and the related P&L to the company.
Incorrect
It is important to establish an internal management structure that provides the bank with business-oriented knowledge on growing client transaction and the related P&L to the company.
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Question 29 of 30
29. Question
Institutions who understood how to put themselves against market pressures meant who their fee and profit plan was able to mitigate falling sales from deposits, M&As and other business lines. At the same moment, the top private banker made magnificent profits from commissions. Among the stronger players in the personal banking sector, the fees earned from this line of operation accounted for:
Correct
Among the stronger players in the personal banking field, fees earned from this line of business accounted for around 60 per cent of the overall net commissions obtained and about 70 per cent of their growth in earnings in 2001, the year following the crash of the stock market.
Incorrect
Among the stronger players in the personal banking field, fees earned from this line of business accounted for around 60 per cent of the overall net commissions obtained and about 70 per cent of their growth in earnings in 2001, the year following the crash of the stock market.
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Question 30 of 30
30. Question
In most instances, individual price lists given to private banking clients are simply representative and open to negotiation. Moreover, the increasing demand for private banking and large-scale fund management has driven several financial institutions to reassess both:
Correct
The that demand for private banking and fund management around the board has prompted several financial firms to re-examine both their selling rates and their investment rates.
Incorrect
The that demand for private banking and fund management around the board has prompted several financial firms to re-examine both their selling rates and their investment rates.