When policy periods expire, the premiums written are earned and are recognized as:
When policy periods expire, the premiums written are earned and are recognized as:A . LiabilitiesB . ExpensesC . RevenuesD . None of the aboveView AnswerAnswer: C
To avoid double counting or omitting the effects of risks factors what should reflect assumptions that are consistent with those inherent in the cash flows?
Pdfprep2021-01-09T17:42:42+00:00To avoid double counting or omitting the effects of risks factors what should reflect assumptions that are consistent with those inherent in the cash flows?A . Economic flowB . Nominal flowsC . Discount ratesD...
The two most common types of dollar rolls are:
Pdfprep2021-01-08T23:41:14+00:00The two most common types of dollar rolls are:A . Fixed-coupon and yield-maintenance agreementsB . Variable-coupon and yield-maintenance agreementsC . Fixed-coupon and Accounting agreementsD . Variable -coupon and Principal agreementsView AnswerAnswer: A
Audit risk consists of:
Pdfprep2021-01-08T11:32:12+00:00Audit risk consists of:A . Risk of material misstatementB . detection of riskC . Both A & BD . Neither A nor BView AnswerAnswer: C