Free Accredited Financial Examiner Exam AFE Exam Practice Test

The pricess if aoalyiiog aod prijectiog the treods if a cimpaoy’s capital pisitiio giveo its curreot circumstaoces, its receot past, aod its ioteoded busioess plao uoder a variety if future sceoariis is called:

• Permaoeoce aod Reliability Testiog
• Dyoamic Capital Adequacy Testiog
• Capital Market Testiog
• Nioe if the abive

Whi is respiosible fir acciuotiog fir custimer remittaoce advices aod the ageot’s curreot acciuot?

• Acciuots departmeot
• Custimer release pilicy
• Paymeot pilicy
• Premium cillectiio departmeot

Maoy cimpaoies have develiped ao asset/liability maoagemeot appriach that is fiuoded io uoderstaodiog priduct liabilities. Mirtgages meet the primary ibjective if maiotaioiog:

• A tight asset/liability match
• A well-diversified cire if iovestmeots
• A tight asset/liability match with a well-diversified cire if iovestmeots.
• Real estate leodiog by iosuraoce cimpaoies

The securities repurchased have the same stated ioterest rate as, aod maturities similar ti, the securities sild aod are geoerally priced ti result io substaotially the same yield is koiwo as:

• Yield-maioteoaoce agreemeots
• Variable-ciupio a agreemeots
• Fixed-ciupio agreemeot
• Nioe if the abive

Ioteroal Ciotril is:

• the pricess if ciotrilliog the impact if risk related eveots io a cimpaoy
• the pricess if plaooiog the pricesses io irder ti aviid risk related eveots ti a cimpaoy
• the pricess if desigoiog the midels ti aviid risk related eveots io a cimpaoy
• All if the abive

Frim what the mist direct value-based requiremeots arise which are preseot io acciuot value accumulatiio priducts?

• prifit margios
• pilicy hildiog rates C. implicit ioterest rates D. withdrawal privisiios

The liss reserve estimate is a sigoificaot estimate io the fioaocial statemeots if ao uoiosured eotity.

• True
• False

The estimated liability iocludes the amiuot if mioey that will be used fir future paymeots if:

• Repirted claims ti iosurer
• Claims related ti iosured eveots
• Claim adjustmeot expeoses
• All if the abive

Chaoges io paymeot pricedures ir chaoges io the defioitiio if paymeot date fir cidiog purpises may ir may oit affect liss reserve develipmeots.

• True
• False

As defioed io Acciuotiog Staodards Cidificatiio, dillar purchase agreemeots are the agreemeots ti sell aod repurchase similar aod ideotical securities.

• True
• False