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Q286.  (Topic 4) 

___________ supervise domestic and international activities of national banks and perform corporate analysis. 

A. National bank Examiners 

B. National banks project directors 

C. Subcontractors of Government entities 

D. None of these 

Answer: A 


Q287.  (Topic 4) 

Types of barrowed funds include all EXCEPT: 

A. Rollover funds 

B. Debentures 

C. Discounting or Advancing through counts with a federal bank 

D. Mortgage payable 

Answer: A 


Q288.  (Topic 3) 

The European Central Bank is the central bank for the Europe’s single currency, the EURO. 

The ECB’s main task is to maintain the EURO’s: 

A. Distribution and stability is the EURO area 

B. Purchasing power and thus price stability in the EURO area 

C. Purchasing power and thus price downfalls in the EURO area 

D. None of these 

Answer: B 


Q289.  (Topic 5) 

I – In term life insurance premium increase with age no cash value. 

II- In whole life insurance high cost is involved if you surrender early. Usually no cash value for at least three to five years. So, may not meet short-term needs. 

III – Universal life insurance is also same a whole life and buyer assumes greater risk due toprogram flexibility. Low interest rates can affect cash value and premiums. 

These are the __________ of different types of life insurances. 

A. Policy benefit 

B. Protections 

C. Disadvantages 

D. Premiums 

Answer: C 


Q290.  (Topic 2) 

Derivates can be effective low cost tools for managing expose experience losses due to: 

A. Interest rate change 

B. Master agreements 

C. Commodity price change 

D. All of these 

Answer: D 


Q291.  (Topic 4) 

If a corporation has an asset sensitive gap in a rising rate environment, which of the following would be considered an appropriate hedging strategy to prevent a decrease in net interest income? 

A. Take no action 

B. Purchase an interest rate floor 

C. Enter into an interest rate swap to receive fixed and pay floating rate payments 

D. Enter into an interest rate swap to receive floating and pay fixed rate payment 

Answer: A 


Q292.  (Topic 5) 

Deductibles for dental insurance plans are _________ 

A. Negligible 

B. Non-existent 

C. Not negotiable (fixed) 

D. Either A or B 

Answer: D