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Exam (elaborations)
AFC CERTIFICATION PRE - ASSESSMENT QUESTIONS AND ANSWERS
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--12November 20242024/2025Available in bundle
- AFC CERTIFICATION PRE - ASSESSMENT QUESTIONS AND ANSWERS...
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Humat
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Exam (elaborations)
AFC Certification Exam: Investing| Questions with 100% Correct Answers (A
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--4June 20242023/2024A+Available in bundle
- Limited managed account - ANSWER account at an investment firm whereby 
they sell and buy mutual fund assets on the client's behalf to auto rebalance the 
portfolio back to the client's specific standard 
Market correction - ANSWER short-term price decline in the stock markets of at 
least 10% in a stock, bond, commodity or index to adjust for recent price 
increases
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KenAli
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Exam (elaborations)
AFC Certification Pre-Assessment Exam| Questions with 100% Correct Answers (A Rated)
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--13June 20242023/2024A+Available in bundle
- A local university alumni organization member has been using time at the 
monthly meetings to market their money management and investment services. 
They discuss very complex investment products and are promising annual 
investment returns which are double the current averages while saying they are 
"virtually risk-free." The president of the alumni organization sent out a letter to 
all of the members stating how the investment products were legitimate and 
that the president personally inve...
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KenAli
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Exam (elaborations)
AFC Certification Exam: Insurance and Risk Management| Questions with 100% Correct Answers (A Rated)
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--6June 20242023/2024A+Available in bundle
- Death benefit - ANSWER amount that will be paid to beneficiary when the insured dies 
Disability income insurance - ANSWER type of coverage that provides a portion of income lost 
when the insured cannot work because of illness or injury 
elimination period - ANSWER time period between the onset of a disability and the date the 
disability benefits begin
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KenAli
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Exam (elaborations)
AFC Certification Pre-Assessment Exam| Questions with 100% Correct Answers (A Rated)
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---13May 20242023/2024A+
- Which one of the following desk or table shapes is more likely to create an 
atmosphere of inequality? 
a. Round 
b. Square 
C. Oval 
d. Rectangle - ANSWER Rectangle
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QUINTER
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Exam (elaborations)
AFC Certification Exam: Investing| Questions with 100% Correct Answers (A Rated)
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---4May 20242023/2024A+
- Asset allocation - ANSWER form of diversification in which the investor decides on 
the proportions of an investment portfolio that will be devoted to various 
categories of assets 
Average share cost - ANSWER actual cost basis of the investment used for income 
tax purposes, calculated by dividing total amount invested by the total shares 
purchased
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QUINTER
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Exam (elaborations)
AFC Certification Exam: Insurance and Risk Management| Questions with 100% Correct Answers (A Rated)
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---6May 20242023/2024A+
- Ponzi or pyramid scheme - ANSWER investment frauds that pay existing investors with funds 
collected from new investors typically without actually investing the funds as promised 
pump and dump scheme - ANSWER legit stock is promoted to try and boost the price of a stock 
with false or misleading info. once the price is pumped up, fraudsters "dump" or sell the 
securities
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QUINTER