ICWIM 無料問題集「CISI International Certificate in Wealth & Investment Management」

（A）Concealing

（B）Avoiding

（C）Producing

（D）Developing

（A）To provide funding to counterparties as and when required

（B）The CCP guarantees that the counterparties will not default

（C）It interposes itself between the counterparties to a trade, becoming the buyer to every seller and the seller to every buyer

（D）To act as a market maker between counterparties

（A）Interest is not charged on loans

（B）Consumers are paid to borrow money

（C）By penalising banks for holding surplus cash

（D）By discounting the interest rate charged on loans

（A）An amount linked to the prevailing rate of inflation

（B）A fixed sum chosen at the outset

（C）A fixed sum, provided death occurs within a pre-determined time

（D）A return, linked to the insurance company's units

（A）A breakdown of how much debt a company has in relation to equity

（B）A summary of how much liquid cash an organisation has for funding dividend payments

（C）An indication of what interest rate the company is paying

（D）An indication of the extent to which the company can service its debts

（A）They are more difficult to value

（B）Because it is not possible to sell part of the holding

（C）Investors prefer not being publicly named on a share register

（D）The loss of the certificate might equal loss of the person's investment

（A）Optimisation

（B）Full replication

（C）Stratified Sampling

（D）Synthetic Replication

（A）Competition from firms entering the industry increased

（B）The price of raw materials increased

（C）Technology is introduced

（D）The price of raw materials decreased

（A）Seek to be covered for an undefined sum of money

（B）Be required to pay ever-increasing premiums

（C）Need to establish an insurable interest

（D）Be insured against staff moving to a competitor

（A）Affordability

（B）Risk aversion

（C）Age

（D）Tax implications