Free CFSA Exam Braindumps
Certified Financial Services Auditor (CFSA) Questions 111–115 (page: 24)

Updated On: 10-Feb-2026
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Non-deposit investment product includes:

  1. Fixed annuities
  2. Variable annuities
  3. Mixed annuities
  4. Both A&B

Answer(s): D



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Under the interagency statement when a bank recommends or sells non-deposit investment product it should inform the customer that the product is:

  1. Having high interest rate
  2. Not insured by FDIC
  3. Not a deposit or other obligation of, or guaranteed by the depository institution
  4. Only B&C

Answer(s): D



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The interagency statement calls for these disclosures to be provided EXCEPT:

  1. Orally during any sales presentation
  2. Orally when investment advice concerning the non deposit investment products is provided
  3. In advertisement and other promotional materials as specified in the interagency statement
  4. None of these

Answer(s): D



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Derivates can be effective low cost tools for managing expose experience losses due to:

  1. Interest rate change
  2. Master agreements
  3. Commodity price change
  4. All of these

Answer(s): D



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In option- type securities contracts the option's price is called:

  1. Mark up
  2. Premium
  3. Return value
  4. Both A&B

Answer(s): B



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