SOFE AFE Accredited Financial Examiner Exam Practice Test

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Total 286 questions
Question 1

The two most common types of dollar rolls are:



Answer : A


Question 2

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



Answer : D


Question 3

As defined in Accounting Standards Codification, dollar purchase agreements are the agreements to sell and repurchase similar and identical securities.



Answer : B


Question 4

Reporting investments, set requirements regarding matters such as location of asset and set limitations on investing in future are all prescribed by a method called:



Answer : B


Question 5

Liabilities are recognized for known claims when sufficient information has been developed to indicate the involvement of a specific insurance policy.



Answer : A


Question 6

In which of the following, Internal entity experience or information from published sources concerning recent trends in socioeconomic factors affecting claim payments:



Answer : D


Question 7

Procedures for ensuring that the data used by the loss reserve specialist is completed and accurate due to:



Answer : C


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Total 286 questions