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Pass CWM_LEVEL_2 Exam Guide

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Question 104

Section C (4 Mark)

As a CWM you are required to calculate the tax liability of an individual whose taxable income is:

• $ 83560 in SGD and he is a Singapore citizen

• £ 73150p.a (only employment) and he is a UK citizen

Options:

A.

£ 6715.80 and 2843.50 SGD

B.

£ 13431.60 and 6906.25 SGD

C.

£ 29260 and 11698.40 SGD

D.

£ 16789.50 and 2310 SGD

Question 105

Section A (1 Mark)

Short-term cash flow improvement may not be achieved by

Options:

A.

Reducing inventories

B.

Reducing trade payables

C.

Reducing trade receivables

D.

Increasing trade payables

Question 106

Section B (2 Mark)

A disadvantage of using swaps to control interest rate risk is that

Options:

A.

Swaps cannot be written for long horizons.

B.

Swaps are more expensive than restructuring balance sheets.

C.

Swaps, like forward contracts, lack liquidity.

D.

All of the above are disadvantages of swaps.

Question 107

Section A (1 Mark)

A good customer relationship management program will allow a business to:

Options:

A.

Retain good customers

B.

Retain & acquire customer

C.

Provide information to customers

D.

Acquire customers

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Exam Code: CWM_LEVEL_2
Exam Name: Chartered Wealth Manager (CWM) Certification Level II Examination
Last Update: Dec 27, 2024
Questions: 1259
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