QUESTION 70

1. Which of the following are the pay-in and pay-out units of a variable annuity?

   		Annuity and accumulation units
   		Accumulation and annuity units
   		Both are accumulation units
   		Both are annuity units

QUESTION 71

1. An investor is concerned about the US economy and wishes to add diversification to her stock portfolio. Which of the following funds should a rep recommend?

   		Specialized fund that invests in household appliance companies
   		Global fund
   		Aggressive growth fund
   		International fund

QUESTION 72

1. All of the following are true about Inverse ETFs EXCEPT:

   		Investors may purchase Inverse ETFs in cash or margin accounts
   		If shares are sold short by an investor, the investor believes that the index the inverse ETF is based on will be bearish
   		They do not have unlimited loss potential if they are purchased
   		They may be purchased in retirement plans

QUESTION 73

1. Which of the following best describe dollar cost averaging? I. Buying a fixed number of shares periodically II. Investing a fixed dollar amount periodically Ill. Maintaining a constant dollar plan IV. Taking advantage of price fluctuations

   		II & IV
   		II & Ill
   		I & Ill
   		I, II, Ill, & IV

QUESTION 74

1. Which of the following are true about UITs? I. They issue redeemable securities II. They issue non-redeemable securities Ill. They offer securities once IV. They offer securities continuously

   		II & III
   		I & III
   		II & IV
   		I & IV