1.

Banks major use of funds is:

Select one:

a. investments and trading securities.

b. cash and liquid assets.

c. loans, advances and other receivables.

d. property, plant and equipment.

2.

A Record of advice (ROA) can be used in place of a Statement of Advice (SOA) when:

Select one:

a. A financial planner is not under an obligation to provide written advice to the client.

b. A financial planner must provide the client with a statement of a SOA within 21 days after, the advice is provided.

c. all of the options.

d. A financial planner must provide the client with a SOA at the same time as, or as soon as practicable after, the advice is provided.

3.

Which of the following cannot manage the operations of the business?

Select one:

a. None of the options.

b. A general partner.

c. A limited partner.

d. A sole trader.