Quiz-summary
0 of 30 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17
- 18
- 19
- 20
- 21
- 22
- 23
- 24
- 25
- 26
- 27
- 28
- 29
- 30
Information
CWM-Certified Wealth Management Premium Access
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 30 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 points, (0)
Categories
- Not categorized 0%
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17
- 18
- 19
- 20
- 21
- 22
- 23
- 24
- 25
- 26
- 27
- 28
- 29
- 30
- Answered
- Review
-
Question 1 of 30
1. Question
Investment is a quest with an intent and thus investors must maneuver in chartered waters. Although wealth management tends to be a method that is straightforward enough in its nature, this is not so in the general case. In addition, even if any investment seems to be quite straightforward, the chances are that it will be very complicated in its execution and monitoring, especially when:
Correct
Although wealth management appears to be a method that is straightforward enough in its creation, this is not valid. Even if any investment appears to be quite straightforward, the chances are that it would be quite complicated in its implementation and tracking, particularly when the market is volatile, Uncertainty is very large, and the investor can not clearly see the implications of its movements and commitments.
Incorrect
Although wealth management appears to be a method that is straightforward enough in its creation, this is not valid. Even if any investment appears to be quite straightforward, the chances are that it would be quite complicated in its implementation and tracking, particularly when the market is volatile, Uncertainty is very large, and the investor can not clearly see the implications of its movements and commitments.
-
Question 2 of 30
2. Question
Private banking is an entity’s wealth investment activities targeted at retail customers, and will carry a source of net new capital to the bank’s treasury. To a large degree, private banking and wealth management for retail clients begin to converge. This is likely to happen for three reasons. Choose the best one.
Correct
1. The more explicitly specified high net worth entities shall set up a business and administer their investment in that corporation, which may outsource any or all of its wealth management activities.
2.Investors, corporations and private entities have relatively common goals, the most significant of which is to preserve their money and gain good profit.
3.Banks and other organizations have developed the practice of selling fairly identical tools to both retail and private customers, such as structured goods.Incorrect
1. The more explicitly specified high net worth entities shall set up a business and administer their investment in that corporation, which may outsource any or all of its wealth management activities.
2.Investors, corporations and private entities have relatively common goals, the most significant of which is to preserve their money and gain good profit.
3.Banks and other organizations have developed the practice of selling fairly identical tools to both retail and private customers, such as structured goods. -
Question 3 of 30
3. Question
In order to thrive and expand, social security, institutional investment sector and private banking must be handled in a manner that expands its expertise:
Correct
In order to thrive and expand, social security, institutional investment sector and private banking need sound management that broadens its competence From effective consumer treatment, to the retention of properties through which transactions are made and their productivity.
Incorrect
In order to thrive and expand, social security, institutional investment sector and private banking need sound management that broadens its competence From effective consumer treatment, to the retention of properties through which transactions are made and their productivity.
-
Question 4 of 30
4. Question
The private banker must be willing to support his or her customers in all facets of the investment business that includes:
Correct
The private banker must be willing to support his or her clients in all facets of the investing business: helping to protect investments by stable acquisition, and informing them about how to accumulate and create up further capital.
Incorrect
The private banker must be willing to support his or her clients in all facets of the investing business: helping to protect investments by stable acquisition, and informing them about how to accumulate and create up further capital.
-
Question 5 of 30
5. Question
Affluent, self-made people recognize and enjoy the worth of their capital. We will requires detailed investment guidance as well as a large volume of paperwork. They also anticipate specifically designed financial approaches, like the capacity of the bank to cope with issues relevant to:
Correct
They demand specifically designed financial approaches, including the willingness of the bank to resolve problems of lending, funding, payroll, insurance and succession legislation in a way that is worthy of being handled.
Incorrect
They demand specifically designed financial approaches, including the willingness of the bank to resolve problems of lending, funding, payroll, insurance and succession legislation in a way that is worthy of being handled.
-
Question 6 of 30
6. Question
Despite the strongest wishes of a private banking company would not be able to execute without the required organisation and first-class employees. Organization-wise, there are three main problems found with the provision of financial guidance and wealth control practices. In a summary, they include:
Correct
This include: the need to consider through advisory role, the method of merging roles, delivering a well-rounded service, and the rules of cooperation needed to insure that the asset management agency is able to perform.
Incorrect
This include: the need to consider through advisory role, the method of merging roles, delivering a well-rounded service, and the rules of cooperation needed to insure that the asset management agency is able to perform.
-
Question 7 of 30
7. Question
In the systemic context, the bank will be willing to combine the consultancy cycle with that of trading and fiduciary duty into a unified, integrated operation. This program would provide exposure to hundreds of products, including funds operated by several of the world’s largest investment companies. eThe investor will be driven by a specific appraisal of the investment requirements in order to evaluate the desired:
Correct
In a systemic context, the bank will be willing to combine the consultancy cycle with that of trading and fiduciary duty into a unified, robust operation. The investor will be driven by a professional appraisal of the investment requirements in order to evaluate the optimal risk tolerance and the investment combination.
Incorrect
In a systemic context, the bank will be willing to combine the consultancy cycle with that of trading and fiduciary duty into a unified, robust operation. The investor will be driven by a professional appraisal of the investment requirements in order to evaluate the optimal risk tolerance and the investment combination.
-
Question 8 of 30
8. Question
In terms of competent management, the goals that come first are to be accomplished and the actions that are required to promote their accomplishment. Concomitant to this is the capacity of the company to thrive by keeping up with:
Correct
Resultant to this is the willingness of the company to keep pace with consumer expectations, business dynamics, societal agendas, technical innovations and economic and political transitions.
Incorrect
Resultant to this is the willingness of the company to keep pace with consumer expectations, business dynamics, societal agendas, technical innovations and economic and political transitions.
-
Question 9 of 30
9. Question
Competition in the personal banking industry is so difficult that second-rate firms can fall and vanish. Financial unions and other private banking finance organisations will understand that, to a relatively significant degree, private companies discriminate against people, and understandably so. They’re advised by their practical experience that they will pick their bank carefully. Select the right statement from the subsequent options.
Correct
Their technical instincts tell them to choose their bank with respect. They receive first-rate personal service from their counselors, and they seek complete solutions that satisfy all their wealth-related needs.
Incorrect
Their technical instincts tell them to choose their bank with respect. They receive first-rate personal service from their counselors, and they seek complete solutions that satisfy all their wealth-related needs.
-
Question 10 of 30
10. Question
To investment companies who know how to handle private banking operations, this product range is a profitable sector because of premiums and commissions.
Via relentless operational activity, these organizations aim to provide sophisticated banking facilities with a emphasis on:Correct
By relentless managerial activity, these organizations aim to offer specialized banking facilities based on innovative financial technologies and experienced investment experts.
Incorrect
By relentless managerial activity, these organizations aim to offer specialized banking facilities based on innovative financial technologies and experienced investment experts.
-
Question 11 of 30
11. Question
With the exception of cash flows funding extremism or whitewashing assets, bank customer confidentiality will extend to all knowledge elements resulting from contractual partnerships between banks and their clients. In general, due to the variations alluded to above, the contractual arrangement must be held secret in terms of:
Correct
In general, contrary to the variations listed above, contractual partnerships must be held private in terms of their actual existence, activities carried out and the financial and personal position of customers.
Incorrect
In general, contrary to the variations listed above, contractual partnerships must be held private in terms of their actual existence, activities carried out and the financial and personal position of customers.
-
Question 12 of 30
12. Question
Select the correct statement regarding bank-client secrecy.
Correct
It is not appropriate for banks to respond to negatively conceived queries; for example, to clarify that a certain party has no relation to a specific bank.
Incorrect
It is not appropriate for banks to respond to negatively conceived queries; for example, to clarify that a certain party has no relation to a specific bank.
-
Question 13 of 30
13. Question
Misdemeanor tax fraud in Switzerland is not an indictable crime. Tax avoidance is deemed to be illegal if:
Correct
Tax avoidance is called dishonest where statements are falsified, as in the case of false billing, inaccurate financial returns or other information, with the purpose of deceiving the tax authority and the public. Tax theft often includes wilful deceit by unique maneuvering or processing. Bank account confidentiality can also be removed in instances of foreign tax evasion.
Incorrect
Tax avoidance is called dishonest where statements are falsified, as in the case of false billing, inaccurate financial returns or other information, with the purpose of deceiving the tax authority and the public. Tax theft often includes wilful deceit by unique maneuvering or processing. Bank account confidentiality can also be removed in instances of foreign tax evasion.
-
Question 14 of 30
14. Question
At the service provider’s side, private banking is not a market that a bank can attack without a roadmap. The ownership society has prerequisites. If the organization has explicitly defined its private banking priorities and management has laid out the criteria for the business strategy, a realistic and recorded analysis is required to decide whether:
Correct
When the company has explicitly defined its private banking priorities and the management has laid forth the criteria for the business strategy, a realistic and recorded analysis is required to decide if it can be carried out as it is or if it needs to be reworked and combined with other service networks.
Incorrect
When the company has explicitly defined its private banking priorities and the management has laid forth the criteria for the business strategy, a realistic and recorded analysis is required to decide if it can be carried out as it is or if it needs to be reworked and combined with other service networks.
-
Question 15 of 30
15. Question
For a financial company, private banking infrastructure is an undertaking that needs a solid business strategy. Most significantly, every legitimate private banking program must be worthy of being executed, which places major conditions on the institution:
Correct
Most importantly, any valid private banking plan must be capable of being executed, which poses significant requirements on the institution’s: Financial resources, Human capital, and Technological infrastructure.
Incorrect
Most importantly, any valid private banking plan must be capable of being executed, which poses significant requirements on the institution’s: Financial resources, Human capital, and Technological infrastructure.
-
Question 16 of 30
16. Question
The justification for paying attention to the financial capital of the company is that a good private banking product line needs substantial expenditure. Not all banks can afford them, particularly when they suffer a lack of intermediation that has many reasons behind it, the key reason being:
Correct
The top three is that globalization has generated a massive stock bubble, foreign investors have assumed charge of money movements, and about 200 basis points (bp) of bank funding rates are four times higher than the bond sector.
Incorrect
The top three is that globalization has generated a massive stock bubble, foreign investors have assumed charge of money movements, and about 200 basis points (bp) of bank funding rates are four times higher than the bond sector.
-
Question 17 of 30
17. Question
During the post-World War II years, intermediation became the bread and butter company of the financial organization. After the late 1980s, though, the lack of intermediation of deposits and lending has contributed to a fall of net interest income for banks. Commercial banks have been deeply active in the arbitration process:
Correct
Commercial banks have been increasingly interested in trading, especially in derivative financial instruments, personal banking and asset management.
Incorrect
Commercial banks have been increasingly interested in trading, especially in derivative financial instruments, personal banking and asset management.
-
Question 18 of 30
18. Question
In recent years, industrial, financial and retail markets have been the main business segments of interest to the banking industry. Under this context, commercial and institutional banking operations have opposite goals with respect to the strategies they pursue:
Correct
Under this system, corporate and investment banking practices have different priorities with respect to the interests of business customers finding competitively priced finance, and retail buyers searching for the highest return.
Incorrect
Under this system, corporate and investment banking practices have different priorities with respect to the interests of business customers finding competitively priced finance, and retail buyers searching for the highest return.
-
Question 19 of 30
19. Question
High technology is a source, but it is not a substitution for the dedication to:
Correct
High technology is a catalyst, but it will not substitute the dedication to long-term intimate partnerships and the delivery of a wide spectrum of goods and services expressly tailored for ‘this’ and ‘that’ target market.
Incorrect
High technology is a catalyst, but it will not substitute the dedication to long-term intimate partnerships and the delivery of a wide spectrum of goods and services expressly tailored for ‘this’ and ‘that’ target market.
-
Question 20 of 30
20. Question
Going back to the fundamentals, historical and financial experience shows that, in the post-World War II years, the first big change in the forces that made the economy work took place in the early 1950s. This post-war repositioning was the most important, since the drivers of the economy changed:
Correct
This post-war repositioning was the most important since, with it, the engines of the economy moved from the industrial / military complex funded through government deficits to a wide range of consumer spending, primarily by personal debt.
Incorrect
This post-war repositioning was the most important since, with it, the engines of the economy moved from the industrial / military complex funded through government deficits to a wide range of consumer spending, primarily by personal debt.
-
Question 21 of 30
21. Question
One source of worry regarding the rise in college student debt is that it produces systemic imbalances that have not yet been properly analyzed as to whether and when they should be addressed. Even if actual incomes did not help the planned cost of living, contributing to higher personal debt? The details are as follows:
Correct
The reality are that actual incomes have plummeted towards the conclusion of the recent crisis, and the service sector, with its part-time jobs, reduces labour costs and, thus, household income.
Incorrect
The reality are that actual incomes have plummeted towards the conclusion of the recent crisis, and the service sector, with its part-time jobs, reduces labour costs and, thus, household income.
-
Question 22 of 30
22. Question
Once the principle of securitization of other people’s (and companies) ‘liabilities is accepted, the exact nature of the services provided by the bank’s family advisory teams can vary from client to client. Investment advice can, for example:
Correct
Investment advice can concentrate only on the improvement of savings accounts, or on the institutionalization of strategic asset allocation and portfolio risk analysis
Incorrect
Investment advice can concentrate only on the improvement of savings accounts, or on the institutionalization of strategic asset allocation and portfolio risk analysis
-
Question 23 of 30
23. Question
In any case, private banking investment advisors may enable the investor to create a portfolio from scratch or, preferably, to fully restructure the current portfolio. In doing so, the specialist task is to recognize and assess the unique needs of the customer and then customize investment products and services to meet those needs in an efficient manner. Network-based allocation research by technology-savvy clients:
Correct
1.Provides an electronic summary of the assets and liabilities of the company,
2. Supports clients in self-assessing their financial situation, and
3.Ensures direct communication for investors, instantly forwarding communications to their investment advisor and back.Incorrect
1.Provides an electronic summary of the assets and liabilities of the company,
2. Supports clients in self-assessing their financial situation, and
3.Ensures direct communication for investors, instantly forwarding communications to their investment advisor and back. -
Question 24 of 30
24. Question
High-level financial companies are in the process of transforming private banking into a fine-tuned system that supports both their customers and themselves. The danger associated with this recycling arises from the reality that even with the securitisation and exponential growth in consumer debt, it can not proceed indefinitely, especially if:
Correct
The danger associated with this recycling comes from the reality that even with securitisation and exponential growth of consumer debt, it can not happen indefinitely, particularly if there is a lack in trust in the creditworthiness of debtors, or unfavorable economic circumstances imply that income rates are beginning to decline dramatically.
Incorrect
The danger associated with this recycling comes from the reality that even with securitisation and exponential growth of consumer debt, it can not happen indefinitely, particularly if there is a lack in trust in the creditworthiness of debtors, or unfavorable economic circumstances imply that income rates are beginning to decline dramatically.
-
Question 25 of 30
25. Question
It is expected that the economy would be able to restructure itself in time. A shift back to the industrial / military complex can be seen on the horizon, a concept similar to Keynesian economy:
Correct
-The military is once again the guiding force of the country, and
-Governments can well forget about balanced budgets.Incorrect
-The military is once again the guiding force of the country, and
-Governments can well forget about balanced budgets. -
Question 26 of 30
26. Question
Corporate drivers are at the intersection between the revived economic position of the industrial / military complex and the consumer-driven economy. However, this duality of business dependency presents a dilemma with respect to production, since few businesses are appealing to both the military and industrial sectors, and many on the commercial side are actually confronted with the question of:
Correct
Nonetheless, this duality of customer reliance creates a problem with regard to spending, as few firms are catering to both the military and industrial sectors, while many on the commercial side are actually facing the task of trimming down their inventories while access to their manufacturing potential.
Incorrect
Nonetheless, this duality of customer reliance creates a problem with regard to spending, as few firms are catering to both the military and industrial sectors, while many on the commercial side are actually facing the task of trimming down their inventories while access to their manufacturing potential.
-
Question 27 of 30
27. Question
Some of the ties between these two industries, industrial / military and customer, can be seen in the fact that, as a variety of precedents show, global instability triggers significant creativity, with the resulting application of modern technologies to broader commercial usage. In fact, the demands of prolonged overseas combat operations, such as those in Afghanistan and Iraq, boost competition for construction goods and supplies at a period when the customer is taking time to:
Correct
Requirements for extended overseas combat operations, such as those in Afghanistan and Iraq, fuel demand for construction goods and supplies at a period when customers are taking time to reconsider their preferences and consider forms and means of debt servicing.
Incorrect
Requirements for extended overseas combat operations, such as those in Afghanistan and Iraq, fuel demand for construction goods and supplies at a period when customers are taking time to reconsider their preferences and consider forms and means of debt servicing.
-
Question 28 of 30
28. Question
Classically, investment banking work has been used as a ‘must’ to draw and maintain the clientele of institutional investors. However, as wealthy individuals are more pragmatic in their demand valuation and investment choices, private banking clients are gradually adopting an institutional investor’s corporate approach, defined by:
Correct
As wealthy individuals are more pragmatic in their market valuation and investment choices, private banking clients are gradually adopting an institutional investor’s management style, distinguished by Advice-led yet self-made investment decisions and a partnership focused on the standard of investment advisors and account managers.
Incorrect
As wealthy individuals are more pragmatic in their market valuation and investment choices, private banking clients are gradually adopting an institutional investor’s management style, distinguished by Advice-led yet self-made investment decisions and a partnership focused on the standard of investment advisors and account managers.
-
Question 29 of 30
29. Question
Credit companies, investment firms and other asset managers will provide first-class research services to their private banking customers in order to improve their partnership and continue to be ahead of the curve. As seen in the preceding pages, this strategy has been synonymous with significant investments, including programs, processes and equipment, and can be used for the purposes of:
Correct
This strategy also involved large investments, including programs, processes and technologies that can be utilized to enhance efficiency, lead to cost savings, and encourage earnings growth initiatives.
Incorrect
This strategy also involved large investments, including programs, processes and technologies that can be utilized to enhance efficiency, lead to cost savings, and encourage earnings growth initiatives.
-
Question 30 of 30
30. Question
Better run investment banks and commercial banks realize from practice that, in order to maintain and increase their market share, they will have a strategy of:
Correct
To order to maintain and grow their market share, they will have a strategy of unrelenting product creativity, top-quality analysis, accurate and reported investment guidance, complete exposure to global capital markets, and robust risk control round-the-clock.
Incorrect
To order to maintain and grow their market share, they will have a strategy of unrelenting product creativity, top-quality analysis, accurate and reported investment guidance, complete exposure to global capital markets, and robust risk control round-the-clock.