Question 1

1. The predominant liabilities for savings institutions with less than $50 Billion in Total Assets are:
2. A. commercial deposits and FHLB borrowings.
3. B. wholesale money market notes and reserves at the Fed.
4. C. checking accounts and money market mutual funds.
5. D. transaction accounts, MMDAs and other savings deposits, time deposits

Question 2

1. Property/Casualty Insurance has several ratios that are used to describe profitability.One is the combined ratio that is determined by dividing the _________________ by total premiums written.
2. A. sum of the loss ratio plus general expenses and broker's commissions
3. B. sum of the loss ratio plus loss adjustment expenses
4. C. 1.00 minus Operating Ratio
5. D. operating ratio minus dividends paid to policyholders
6. E. nominal ratio plus real ratio

Question 3

1. A ____________ is an unregistered issue sold to a few large institutional buyers.
2. A. private placement.
3. B. shelf offering.
4. C. fully underwritten public offering.
5. D. SEC Rule 415 offering.
6. E. best efforts offering.

Question 4

1. One guarantee of all open-end mutual funds is
2. A. to have a minimum rate of return for investors.
3. B. to earn the rate or return promised in the prospectus.
4. C. to have a minimum NAV for investors.
5. D. to redeem investors' shares upon demand at current NAV.
6. E. none of the above.

Question 5

1. Which of the following was not established by ERISA?
2. A. Insurance for pension plan participants
3. B. Prudent man rule applies to qualified Pension Plans
4. C. Minimum payouts for defined contribution plans
5. D. Maximum vesting times
6. E. Minimum funding requirements