Asset and liability management is:

An approach of matching assets and liabilities that requires a correct mix of long and short term investments.

An approach of mix assets and liabilities in a financial statement that requires specific long and short term revenues.

An approach of specific assets and liabilities in a financial statement that requires correct mix of long and short term revenues.

Dollar rolls differ from regular repurchase agreements due to which of the following characteristics in the securities sold and repurchased.

they are represented by different certificates

they are collateralized by different but similar mortgage pools

they generally have different principal amounts

The two most common types of dollar rolls are:

Fixed-coupon and yield-maintenance agreements

Variable-coupon and yield-maintenance agreements

Fixed-coupon and Accounting agreements

Variable -coupon and Principal agreements

In a yield-maintenance agreement:

the securities repurchased may have the same stated interest rate from that of the securities sold and are generally priced to result in substantially the same yield.

the securities repurchased may have a different stated interest rate from that of the securities sold and are generally priced to result in substantially the same yield.

the securities repurchased may have the same stated interest rate from that of the securities sold and are generally priced to result in substantially the same yield.

the securities repurchased may have a different stated interest rate from that of the securities sold and are generally priced to result in substantially the different yield.

the securities repurchased may have a same stated interest rate from that of the securities sold and are generally priced to result in substantially the different yield.

ABA CTFA Practice Test 23 - Free Online Exam Prep & Questions

The deduction must be based on identification of specific doubtful amounts and is limited to the maximum of doubtful debts identified in the year or a preceding year and 75 percent of the amount reported for statutory purposes.

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ABA CTFA Practice Test 23

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