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GLO_CWM_LVL_1 Exam Results

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Question 8

A client has a minor child she is concerned about what might happen if she was to die while the child was still young and unable to sensibly handle a sizeable in heritance one solution could be to draft her will so that the child receives the asset once reaching age 21 this is an example of

Options:

A.

A discretionary trust

B.

A testamentary trust

C.

An inter vivo trust

D.

A family trust

Question 9

Nomination in gratuity can be done in favor of

Options:

A.

Anybody by the employee

B.

Anybody by the employee, if he does not have a family

C.

Only his family members

D.

2&3 both

Question 10

Which one of the above statements is/are correct?

Options:

A.

(i) only

B.

(ii) only

C.

Both are correct

D.

Both are incorrect

Question 11

Banks, savings and loan associations, mutual savings banks, and credit unions

Options:

A.

are no longer important players in financial intermediation.

B.

have been providing services only to small depositors since deregulation.

C.

have been adept at innovating in response to changes in the regulatory environment.

D.

All of the above.

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Exam Code: GLO_CWM_LVL_1
Exam Name: Chartered Wealth Manager (CWM) Global Examination
Last Update: Mar 29, 2024
Questions: 1057
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