ASCORERSgSTUVIA
ACCREDITEDgASSETgMANAGEMENTgSPECIALISTg(AAMS)gTE
STBANKg2024gWITHgMULTIPLEg(300)gCORRECTLYgANSWER
EDgQUESTIONSgANDgALREADYgGRADEDgA+
MultiplegChoice
1. Agbeneficiarygwhogisgguaranteedgpaymentsgforglifeg(withgagminimumgg
uaranteegofg10gyearsgofgpayments)ghasgselectedgwhichgonegofgthegfollowin
ggsettlementgoptions?
A)gInstallmentsgovergagfixedgperiod
B)gStraightglifegincome
C)gInstallmentsgofgagfixedgamount
D)gLifegincomegwithgperiodgcertaingggg
2. Agbondginvestorgbuysg$10,000gofg1-yeargbonds,g$10,000gofg2-
yeargbonds,gandgsogon-withgthegfinalg$10,000ginvestedging15-
yeargbonds.gWhatgtypegofgstrategygisgthisginvestorgusing?
A)gBuy-and-holdgstrategy
B)gLaddergstrategy
C)gBarbellgstrategy
D)gPuregyieldgpickupgstrategyggg
3. Agclientghasgdecidedgtogmovegthegfundsgfromghergformergemployer'sg40
3(b)gplangintogangIRA.gThegbestgwaygtogavoidgag20%gwithholdinggtaxgorga
nygtaxablegincome,gwouldgbegifgshe
A)gtransfergthegfundsgintogagRothgIRA.
,ASCORERSgSTUVIA
B)ginstructgthegpensiongplangtogrollgovergthegfundsgdirectlygtoghergnewgIRA.
C)gdogagtax-
freegrollover,gtakinggcontrolgofgthegmoneygforgnogmoregthang60gdays.
D)gprovidegthegpensiongplangadministratorgwithgagrollovergdocument.gggg
4. Agclientgwhogexpectsghisgportfoliogofgintermediate-
termggovernmentgbondsgtogearng10%gpergyeargsuffersgfrom
A)gthegframinggeffect.
B)goverreactiongtogmarketgevents.
C)ginadequategtimeghorizons.
D)gunrealisticgexpectations.gggg
5. Agclient,gageg55,gtakesgag$3,000gdistributiongfromghisgrollovergIRAgtogp
aygforgagsemestergofgcollegegtuitiongforghisg21-year-
oldgson.gForgthegfather,gthegentiregdistributiongis
A)gsubjectgtogtheg10%gearlygwithdrawalgpenalty,gbutgitgisgfreegfromgincomegta
x.
B)gsubjectgtogincomegtax,gbutgitgisgfreegfromgtheg10%gearlygwithdrawalgpenalt
y.
Cgsubjectgtogincomegtaxgasgwellgasgtheg10%gearlygwithdrawalgpenalty.
D) freegfromgpenaltiesgandgincomegtaxes.ggg
6. Agdisadvantagegtogusingglifeginsurancegtoginformallygfundgagnonqualifi
edgplangis
A)glifeginsurancegprovidesgagscheduledgannualgtax-deferredgreturn.
B)gthegemployergisgfreegfromgthegburdengofginvestmentgmanagement.
Cgpolicygloansgaregpermitted.
,ASCORERSgSTUVIA
E) additionalgdeathgbenefitgproceedsgwouldgbegpaidgtogagbeneficiarygofgangexe
cutivegwithgpotentiallygaglargegestate.gggg
7. Agfundedgdeferredgcompensationgplan
A)gwillgprovidegangimmediategdeductiongtogangemployer.
B)gwillgprovidegtaxgdeferralgforgangemployer.
C)gwillgbegtaxablegtogangemployeegifgnonforfeitable.
D)gmustgbegmadegavailablegtogallgemployees.ggg
8. Aggeneralgriskgcomponentgrepresentinggthegvariabilitygofgagstock'sgtota
lgreturngasgitgdirectlygrelatesgtogoverallgmovementsgingtheggeneralgeconom
ygisgknowngas
A)greinvestmentgrisk.
B)gsystematicgrisk.
C)gfinancialgrisk.
D)gbusinessgrisk.gggg
9. AgmajorgresponsibilitygofgFINRAgis
A)gestablishinggrulesgforgissuinggnewgsecuritiesgingprimarygmarkets.
B)ginsuringgcustomergaccountsgingthegeventgofgthegliquidationgofgbrokeragegfir
ms.
C)gdevelopinggrulesgandgregulationsgforgitsgmembers.
D)gregisteringgagentsgofgbroker-dealersgtogdogbusinessgwithgthegpublic.gggg
10. Agmeasuregofgagsecurity'sgsystematicgriskgis
A)gbetagcoefficient.
, ASCORERSgSTUVIA
B)gstandardgdeviation.
C)gJensen'sgalphag.
D)gthegSharpegratio.ggg
11. Agmutualgfundgsalesgloadgthatgisgassessedgongagdescendinggscalegifgtheg
fundgisgsoldgwithingthegfirstgfivegorgsixgyearsgofgpurchasegisgcalledga
A)gfront-endgload.
B)gcontingentgdeferredgsalesgcharge.
C)glevelgload.
D)gredemptiongfee.gggg
12. Agpersongwhogdiesgtestate
A)ghasgnogvalidgwill.
B)gleavesgnogsurvivinggheirs.
C)gownsgrealgestategingmoregthangonegstate.
D)ghasgagvalidgwill.gggg
13. Agperson'sgmarginalgtaxgrategequalsgthegrategofgtaxgpaidgongthe
A)gfirstgdollargofgincome.
B)gamountgofgcompensationgincome.
C)glastgdollargofgincome.
D)gaveragegincome.gggg
14. AgREITg(realgestateginvestmentgtrust)gdoesgnotghavegtogpaygtaxesgpro
videdgitgdistributesgatgleastgwhatgpercentagegofgitsgtaxablegincome?
ACCREDITEDgASSETgMANAGEMENTgSPECIALISTg(AAMS)gTE
STBANKg2024gWITHgMULTIPLEg(300)gCORRECTLYgANSWER
EDgQUESTIONSgANDgALREADYgGRADEDgA+
MultiplegChoice
1. Agbeneficiarygwhogisgguaranteedgpaymentsgforglifeg(withgagminimumgg
uaranteegofg10gyearsgofgpayments)ghasgselectedgwhichgonegofgthegfollowin
ggsettlementgoptions?
A)gInstallmentsgovergagfixedgperiod
B)gStraightglifegincome
C)gInstallmentsgofgagfixedgamount
D)gLifegincomegwithgperiodgcertaingggg
2. Agbondginvestorgbuysg$10,000gofg1-yeargbonds,g$10,000gofg2-
yeargbonds,gandgsogon-withgthegfinalg$10,000ginvestedging15-
yeargbonds.gWhatgtypegofgstrategygisgthisginvestorgusing?
A)gBuy-and-holdgstrategy
B)gLaddergstrategy
C)gBarbellgstrategy
D)gPuregyieldgpickupgstrategyggg
3. Agclientghasgdecidedgtogmovegthegfundsgfromghergformergemployer'sg40
3(b)gplangintogangIRA.gThegbestgwaygtogavoidgag20%gwithholdinggtaxgorga
nygtaxablegincome,gwouldgbegifgshe
A)gtransfergthegfundsgintogagRothgIRA.
,ASCORERSgSTUVIA
B)ginstructgthegpensiongplangtogrollgovergthegfundsgdirectlygtoghergnewgIRA.
C)gdogagtax-
freegrollover,gtakinggcontrolgofgthegmoneygforgnogmoregthang60gdays.
D)gprovidegthegpensiongplangadministratorgwithgagrollovergdocument.gggg
4. Agclientgwhogexpectsghisgportfoliogofgintermediate-
termggovernmentgbondsgtogearng10%gpergyeargsuffersgfrom
A)gthegframinggeffect.
B)goverreactiongtogmarketgevents.
C)ginadequategtimeghorizons.
D)gunrealisticgexpectations.gggg
5. Agclient,gageg55,gtakesgag$3,000gdistributiongfromghisgrollovergIRAgtogp
aygforgagsemestergofgcollegegtuitiongforghisg21-year-
oldgson.gForgthegfather,gthegentiregdistributiongis
A)gsubjectgtogtheg10%gearlygwithdrawalgpenalty,gbutgitgisgfreegfromgincomegta
x.
B)gsubjectgtogincomegtax,gbutgitgisgfreegfromgtheg10%gearlygwithdrawalgpenalt
y.
Cgsubjectgtogincomegtaxgasgwellgasgtheg10%gearlygwithdrawalgpenalty.
D) freegfromgpenaltiesgandgincomegtaxes.ggg
6. Agdisadvantagegtogusingglifeginsurancegtoginformallygfundgagnonqualifi
edgplangis
A)glifeginsurancegprovidesgagscheduledgannualgtax-deferredgreturn.
B)gthegemployergisgfreegfromgthegburdengofginvestmentgmanagement.
Cgpolicygloansgaregpermitted.
,ASCORERSgSTUVIA
E) additionalgdeathgbenefitgproceedsgwouldgbegpaidgtogagbeneficiarygofgangexe
cutivegwithgpotentiallygaglargegestate.gggg
7. Agfundedgdeferredgcompensationgplan
A)gwillgprovidegangimmediategdeductiongtogangemployer.
B)gwillgprovidegtaxgdeferralgforgangemployer.
C)gwillgbegtaxablegtogangemployeegifgnonforfeitable.
D)gmustgbegmadegavailablegtogallgemployees.ggg
8. Aggeneralgriskgcomponentgrepresentinggthegvariabilitygofgagstock'sgtota
lgreturngasgitgdirectlygrelatesgtogoverallgmovementsgingtheggeneralgeconom
ygisgknowngas
A)greinvestmentgrisk.
B)gsystematicgrisk.
C)gfinancialgrisk.
D)gbusinessgrisk.gggg
9. AgmajorgresponsibilitygofgFINRAgis
A)gestablishinggrulesgforgissuinggnewgsecuritiesgingprimarygmarkets.
B)ginsuringgcustomergaccountsgingthegeventgofgthegliquidationgofgbrokeragegfir
ms.
C)gdevelopinggrulesgandgregulationsgforgitsgmembers.
D)gregisteringgagentsgofgbroker-dealersgtogdogbusinessgwithgthegpublic.gggg
10. Agmeasuregofgagsecurity'sgsystematicgriskgis
A)gbetagcoefficient.
, ASCORERSgSTUVIA
B)gstandardgdeviation.
C)gJensen'sgalphag.
D)gthegSharpegratio.ggg
11. Agmutualgfundgsalesgloadgthatgisgassessedgongagdescendinggscalegifgtheg
fundgisgsoldgwithingthegfirstgfivegorgsixgyearsgofgpurchasegisgcalledga
A)gfront-endgload.
B)gcontingentgdeferredgsalesgcharge.
C)glevelgload.
D)gredemptiongfee.gggg
12. Agpersongwhogdiesgtestate
A)ghasgnogvalidgwill.
B)gleavesgnogsurvivinggheirs.
C)gownsgrealgestategingmoregthangonegstate.
D)ghasgagvalidgwill.gggg
13. Agperson'sgmarginalgtaxgrategequalsgthegrategofgtaxgpaidgongthe
A)gfirstgdollargofgincome.
B)gamountgofgcompensationgincome.
C)glastgdollargofgincome.
D)gaveragegincome.gggg
14. AgREITg(realgestateginvestmentgtrust)gdoesgnotghavegtogpaygtaxesgpro
videdgitgdistributesgatgleastgwhatgpercentagegofgitsgtaxablegincome?
