1.Which of the following is a primary market activity?

a. An investor sells shares of a company in her portfolio.

b. An investor buys shares from another investor through an exchange.

c. A company issues 30,000,000 shares valued at $10 each to raise funding in order to build a new headquarters.

d. All of the above.

2.A client-facing role is referred to as a front-office position

a. True.

b. False.

3.

4.The sell-side is

a. Selling liquidty

b. A provider of services to the buy-side

c. Not an Investment manager

d. All of the above

5.A bank can engage in activities beyond taking deposits and leading money

a. True.

b. False.

6.The difference between the interest rate a commercial bank receives when it lends money out and the rate of interest it pay on deposits is known as the:

a. Tranfer.

b. Spread.

c. Invoice.

d. Gilt

7.

8.

9.Financial planning and analysis is focused on financial record keeping and reporting

a. True.

b. False.

10.Level 1 of the Chartered Financial Analyst (CFA) program focuses on investment tools

a. True.

b. False.

11.Which of the following is not an application of risk assessment tool that is tested in Part 2 of the FRM exam?

a. Investment management.

b. Integrated risk management.

c. Systemic risk management.

d. All of the above are applications of risk assessment tools that are tested in Part 2 of the FRM exam.

12.The FRM is useful for those interested in opportunities that focus on wealth management.

a. True.

b. False.

13.Is certification mandatory for a career in finance?

a. Yes.

b. No.