nerdexam
IIA

IIA-CFSA · Question #487

I- With reference to the granting of customer credit lines a thorough analysis of the customer's overall financial position is performed prior to trading authorization. II-confirmations of each…

The correct answer is A. Commodity transaction. See the full explanation below for the reasoning.

Question

I- With reference to the granting of customer credit lines a thorough analysis of the customer’s overall financial position is performed prior to trading authorization. II-confirmations of each transaction are sent to customers indicating the quantity, delivery month and the contract price to ensure the integrity of transactions. III-Original margin deposits in cash or acceptable securities to guarantee performance of contracts are determined in accordance These all are adequate procedures and controls associated with:

Options

  • ACommodity transaction
  • BMutual funds audit
  • CBond audit
  • DNone of these

How the community answered

(45 responses)
  • A
    76% (34)
  • B
    4% (2)
  • C
    13% (6)
  • D
    7% (3)

Community Discussion

No community discussion yet for this question.

Full IIA-CFSA Practice