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Maturity transformation in relation to financial services is: A. a method of diversifying investment risk. B. turning short term deposits and savings into longer term loans. C. a form of regulatory intervention. D. a facility to allow the easy payment of bills - ANS B turning short term deposits and savings into longer term loans. The financial services market in Ireland enables providers to collect surplus funds as savings and lend them at a margin to: A. individuals o...

Key numerical Measures in Assessing Share Value - ANS Gross Dividend Yield Dividend Cover Earnings Per Share The P/E Ratio Net Asset Value Market Capitalisation EBITDA Dividends Company - ANS Dividends from Irish resident companies are assessed to income tax under Schedule F, at the investor's marginal tax rate. Dividends paid by Irish resident companies are normally subject to dividend withholding tax (DWT) at standard rate of tax, that is, currently 25%. The inv...

A lifetime loan is where: A a property is jointly owned by the lender and borrower. B the loan is repaid from the sale proceeds of the property. C the borrower pays a notional rent for use of the property during their lifetime. D a property is sold to the financial institution at a discounted value by a borrower in arrears. - ANS B 1.2.1 - Different forms of loans A hire purchase agreement is where a consumer: A purchases goods now from a retailer with the aid of a loan provi...

The acronym ARF stands for which of the following? A Approved Retirement Fund B Annual Retirement Fund C Automatic Retirement Fund D Age Related Function - ANS A (i) - Glossary - Prologue The earnings limit for pension contributions is currently: A €115,000 B €150,000 C €254,000 D €500,000 - ANS A (ii) - Earnings and age related limits - Prologue Which of the following is/are earned income? (i) Rent (ii) Deposit interest (iii) Self-employed t...

A need to provide for the financial impact of certain unpredictable events, which may cause an interruption in a client's earned income, is which type of personal financial need? A Savings B Investment C Protection D Loan - ANS C 1.1 - Main types of personal financial needs The primary financial need of a typical couple in their early 30s is likely to be: A Serious Illness cover B Lump sum Investment C Retirement Planning D Saving for a deposit to obtain a home loan...

The financial services market in Ireland enables providers to collect surplus funds as savings and lend them at a margin to: A individuals only. B businesses only. C individuals and businesses only. D individuals, businesses and the Government. - ANS D 1.1 - Functions Home loan borrowers on a standard variable rate mortgage are subject to WHICH type of investment risk? A Currency. B Liquidity. C Interest rate. D Inflation. - ANS C 1.1 - Functions of financial ...

Fiduciary Duty - ANS At all times when providing financial advice to clients, CFP must act as a fiduciary, act in the best interest of the client Four E's of CFP certification - ANS Education, Examination, Experience, Ethics Financial Planning - ANS Collaborative process that helps maximize a client's potential for meeting life goals through financial advice that integrates relevant elements of the client's personal and financial circumstances Financial ...

Financial Planning - ANS A collaborative process that helps maximize a clients potential for meeting life goals; integrates personal and financial circumstances comprehensive financial plan - ANS addresses most if not all aspects of clients circumstances targeted financial plan - ANS addresses one or two of a client's objectives major factors in making a financial plan - ANS -what -why -when what makes an effective financial goal? - ANS purp...

Affinity bias - ANS Poor financial decisions are made because they are based on how people believe the outcomes will represent their interests and values Behavioral finance is - ANS the field of study that examines whether investors act rationally or irrationally when making investment decisions cognitive errors - ANS result from incomplete information or inability to analyze Comprehensive financial plan - ANS Covers all of a persons financial objectives,...

A - ANS Personal Financial Planning a. is a collaborative process b. is primarily needed by wealthy individuals c. does not need monitoring if done correctly d. involves only insurance, investment, and retirement planning C - ANS Which one of the following is a correctly written financial goal? a. to set aside 10% of income for the purpose of replacing the automobile currently owned b. to accumulate funds within the next 10 years for college expenses for a son c. to...

LO 1-1: Definition of personal financial planning - ANS "a collaborative process that helps maximize a Client's potential for meeting life goals through Financial Advice that integrates relevant elements of the Client's personal and financial circumstances." LO 1-1: Areas of financial planning - ANS 1. developing goals 2. cash management 3. debt management 4. risk management planning 5. insurance planning 6. educational needs 7. group benefits planning 8. in...

IAM - ANS Identity Access Management What is IAM? - ANS Enables you to securely control access to AWS services and resources for your users. Create and manage AWS users and groups and use permissions to allow and deny their access to AWS resources. What are some basic features of IAM? - ANS 1. Grant unique security credentials to users and groups to specify which AWS service APIs and resources they can access. 2. Granularity to control a user's access to specif...

Authentication - ANS A method for confirming users' identities Authorization - ANS The process of giving someone permission to do or have something Accounting - ANS is the identity management function that keeps track of every action involving every identity defined in the system. It provides users with the date and time of their last login or last unsuccessful login, for example. Accounting provides the detailed information necessary to support security assessme...

Which of the following BEST describes Central Policy? An access management strategy where an attribute is created for every element of an organization's operations. An access management strategy where people are granted privileges based on their role in the organization. An authentication process the requires two or more steps. A program that checks for the correct attributes in an attribute-based system - ANS A program that checks for the correct attributes in an attribute-base...

Identity and Access Management (IAM) - ANS System used to manage access to resources so the right user is granted access at the right time for the right reason. 4 Components to Identity and Access Management - ANS 1. Identity 2. Authentication 3. Authorization 4. Accounting Identification - ANS Where a user claims identity to a system, unique identifier Ex: username, email Authentication - ANS Method of verifying a user's identity; validating again...

The first stage is identification is where a username or smart card is used, followed by authentication where a password or pin is inserted and then the authorization stage where your access to resources is determined. - ANS What are the three main components of identity and access management? Place them in the correct order. The UDP-based AAA solution is RADIUS. The two that are TCP-based are TACACS+ and DIAMETER. - ANS What are the TCP-based and UDP-based AAA servers? Name t...

In IAM, a ______ formally describes a set of permissions and is included in an IAM policy which is a JSON formatted document - ANS statement What is the geographic scope of AWS IAM? - ANS Global What is AWS MFA? - ANS AWS Multi-Factor Authentication You can create a cross-account access role between _______, and also between ____________. (Choose 2 answers) - ANS two of your own AWS accounts, your AWS account and a third party AWS account What is web i...

Which of these does Mike give as an example of an inherence factor? - Hardware token - Username/password - Fingerprint reader - Smart card - ANS Username/password Which type of access control is based on data labels? - DAC - MAC - RBAC - HMAC - ANS MAC What determines the number of times you can unsuccessfully attempt to log in before you are shut out of the system for a specific period? - ANS Account lockout threshold In Linux file permissions which acti...

Identity and Access Management (IAM) - ANS Systems and processes used to manage access to information in an organization to ensure that the right individuals have access to the right resources at the right times for the right reasons 4 main processes of IAM - ANS * Identification * Authentication * Authorization * Accounting Identification - ANS (1 of 4 main processes of IAM) Process where a user claims an identity to a system, typically using a unique identifie...

Which of the followings is not BEST PRACTICES for IAM? Choose all that apply. 1. Delete you root access key 2. Apply an IAM password policy 3. Follow the "Principal of Least Privilege" 4. Use Users to assign permissions 5. Don't create individual IAM users 6. Activate MFA on your Root Account 7. Create and use an IAM user with Admin privileges instead of the Root Account. - ANS Use Users to assign permissions Don't create individual IAM users True or False B...