AAMS EXAMINATION TEST 2026 QUESTIONS
WITH SOLUTIONS
◉ Eurodollar CD. Answer: US dollar denominated Instrument that is
issued by foreign banks from their US branches
◉ T-Bills. Answer: Smallest std. deviation since 1926
◉ Contingent deferred sales charge. Answer: Mutual fund sales load that
is assessed on a decending scale if the fund is sold within the first 5 or
six years of purchase
◉ If the market rate on coupon bonds similar to Bond A increases, Bond
A's duration will. Answer: decrease
◉ A U.S. investor owns a bond denominated in Mexican pesos. If the
bond earned 8% while the value of the peso increased against the U.S.
dollar by 4%, the investor's total return was. Answer: increased 10% by
the falling dollar.
◉ Which one of the following rates is most directly affected by the
Federal Reserve Board?. Answer: Fed Funds Rate
WITH SOLUTIONS
◉ Eurodollar CD. Answer: US dollar denominated Instrument that is
issued by foreign banks from their US branches
◉ T-Bills. Answer: Smallest std. deviation since 1926
◉ Contingent deferred sales charge. Answer: Mutual fund sales load that
is assessed on a decending scale if the fund is sold within the first 5 or
six years of purchase
◉ If the market rate on coupon bonds similar to Bond A increases, Bond
A's duration will. Answer: decrease
◉ A U.S. investor owns a bond denominated in Mexican pesos. If the
bond earned 8% while the value of the peso increased against the U.S.
dollar by 4%, the investor's total return was. Answer: increased 10% by
the falling dollar.
◉ Which one of the following rates is most directly affected by the
Federal Reserve Board?. Answer: Fed Funds Rate
