IIA
IIA-CFSA · Question #109
An index method that credits index-linked interest based on any increase in index value from the index level at the beginning of the contract's term to the highest index value at various points…
The correct answer is C. The high watermarks method. See the full explanation below for the reasoning.
Question
An index method that credits index-linked interest based on any increase in index value from the index level at the beginning of the contract’s term to the highest index value at various points during the contract’s term is called:
Options
- APoint to point method
- BAnnual retuned
- CThe high watermarks method
- DThe low water mark method
How the community answered
(24 responses)- A8% (2)
- B17% (4)
- C71% (17)
- D4% (1)
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