QFA Regulations chpt 1 Exam Questions And Answers Package Deal

A need to accumulate a capital sum from regular surplus income over a period of time is which type of personal financial need? A Savings B Investment C Protection D Loan - ANS A 1.1 - Main types of personal financial needs The primary financial need of a client in their 60s is l...

In relation to its dealings with customers in the US, a business based in Ireland is directly subject to WHICH form of investment risk? A Exchange rate. B Liquidity. C Interest rate. D Inflation. - ANS A 1.1 - Financial Services Market - Functions Maturity transformation in relatio...

A lender generally charges a lower interest rate on a housing loan because: A the loan is secured against the property. B they are required to do so by the Consumer Credit Act, 1995. C the loan is unsecured. D they are required to do so by the Consumer Protection Code. - ANS A 1.2 - ...

ABC Bank plc is established in Germany. It transacts banking business in the Republic of Ireland on a cross-border basis. Being able to provide financial services in this manner to consumers in other EU countries is referred to as: A passporting. B subrogation. C migration. D the common good. - ...

The primary objective of structural regulation of financial services firms is to: A minimise risks to the financial system. B ensure financial services providers remain solvent at all times. C ensure only those with sufficient financial standing and integrity can become financial services fi...

What are the two objectives of Central Bank's regulation - ANS A stable financial system and consumer protection The Authorisation of financial services firms falls under which type of regulation - ANS Structural Regulation A foreign bank providing financial services in Irel...