1. The money market is an organised exchange market where participants can lend and borrow long-term, high-quality debt securities.

Select one:

a. True

b. False

The bond market is one type of financial market.

Select one:

a. True

b. False

Land law in Peninsular Malaysia, Sabah and Sarawak is largely contained in the National Land Code 1965 which is based on the Torrens system of registration.

Select one:

a. False

b. True

Which of the following is used for International Monetary Transfer?

Select one:

a. SWIFT

b. RTGS

c. None of these.

d. NEFT

Which of the following situations does NOT fall within the meaning of money laundering under the Anti-Money Laundering and Anti-Terrorism Financing Act 2001?

Select one:

a. Where a person unlawfully acquires property belonging to another and disposes of it to a third party for a monetary consideration.

b. Where a person impedes the establishment of the true origin of proceeds of unlawful activity.

c. Where a person acquires, receives, removes from or brings into Malaysia, proceeds of any unlawful activity.

d. Where a person engages in a transaction that involves the proceeds of any unlawful activity.

Money laundering means the act of a person who does any one or more of the following, EXCEPT:

Select one:

a. conceals, disguises or impedes the establishment of the true nature, origin, location, movement, disposition, title of, rights with respect to, or ownership of, proceeds of an unlawful activity.

b. transfers, converts, exchanges, carries, disposes, uses, removes from/brings into Malaysia proceeds of any unlawful activity which must always be of a substantial amount.

c. acquires, receives, possesses, disguises proceeds of any unlawful activity.

d. engages directly in a transaction that involves proceeds of an unlawful activity.

What is the nature of a guarantee?

Select one:

a. In a joint and several guarantee, the estate of a guarantor who dies or becomes bankrupt will not be liable for advances made prior to such event.

b. The liability against joint and several guarantors is cumulative until the whole debt is satisfied.

c. A guarantor for a company must be a director of the company.

d. Guarantee can be joint only.