Free Access AAFM CWM_LEVEL_2 New Release

Chartered Wealth Manager (CWM) Certification Level II Examination Questions and Answers

Question 113

Section B (2 Mark)

A fixed-rate mortgage for Rs210 000 with monthly payments is amortized over 20 years. The interest rate is 4.85% compounded semi-annually for a 7-year term. How much of the mortgage principal has been repaid by the end of the 7-year term?

Options:

Rs. 52 065.16

Rs. 62 427.44

Rs. 85 118.18

Rs. 157 934.84

Question 114

Section A (1 Mark)

The most profitable credit card customers for a bank are those that:

Options:

Use their credit card frequently

Pay off any charges incurred within a few days

Charge at least Rs 5,000 per year

Use their credit card as a source of installment loans

Question 115

Section A (1 Mark)

Which of the following is true regarding the resistance level?

Options:

Resistance levels tend to develop due to profit taking.

It is the level at which a significant decrease in demand is expected.

It is the level at which a significant increase in supply is expected.

Resistance levels usually develop after a stock reaches a new low.

Question 116

Section A (1 Mark)

____________ may be responsible for the prevalence of active versus passive investments management.

Options:

Forecasting errors

Overconfidence

Mental accounting

Conservatism

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Free Access AAFM CWM_LEVEL_2 New Release

Chartered Wealth Manager (CWM) Certification Level II Examination Questions and Answers

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