AAFM GLO_CWM_LVL_1 Exam
Chartered Wealth Manager (CWM) Global Examination (Page 41 )

Updated On: 9-Feb-2026

A false statement (wrong representation) which is made willfully with an intention to deceive the other party is called:

  1. Innocent Misrespresentation
  2. Fraud
  3. Fraudulent Misrespresentation
  4. Misrepresentation

Answer(s): D



At which of the three stages of money laundering is it generally easiest to detect money laundering activity?

  1. placement
  2. layering
  3. integration
  4. All of the above

Answer(s): A



Which of the following costs best describes the cost of foregone income that results from making an economic decision to use funds to purchase a piece of equipment?

  1. Cost of Capital
  2. Fixed Cost
  3. Marginal Cost
  4. Opportunity Cost

Answer(s): D



In the BASEL framework, first pillar stands for:

  1. Minimum capital requirements
  2. Market Discipline
  3. Supervisory Review Process
  4. Monetary stability

Answer(s): A



Which of the following measure is most widely used as an indicator of inflation?

  1. GDP
  2. WPI
  3. CPI
  4. GDP implicit price deflator

Answer(s): B






Post your Comments and Discuss AAFM GLO_CWM_LVL_1 exam prep with other Community members:

Join the GLO_CWM_LVL_1 Discussion