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  Which of the following statements regarding Blanket Coverage is FALSE?

  a) The insurer will pay the amount required to repair or replace the article less depreciation

  b) The insurer will not pay more than the amount of blanket coverage in the category

  c) The insurer will not pay more than the amount of blanket limit per item for loss to any one article

  d) The insurer will pay the insured in cash the replacement cost of the article if mutually agreed upon

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  CMFAS M6 Mock Question:

  Which of the following statements regarding Convertible Bonds is FALSE?

  a) They have greater appreciation potential than corporate bonds.

  b) They are less vulnerable to losses if the issuer defaults compared to corporate bonds.

  c) Holders of convertible bonds have a lower priority to claim the issuing company’s assets than investors in corporate bonds.

  d) They typically offer lower yields than corporate bonds.

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  CMFAS M1A Mock Question:

  A Capital Market Services (CMS) Licence Holder for dealing in securities can trade on a stock market if it entered into a transaction on behalf of a principal whereby the instruction of the principal:

  a) was allowed by the CMS Licence Holder.

  b) was advised by the CMS Licence Holder.

  c) was not solicited by the CMS Licence Holder.

  d) was not incited by the CMS Licence Holder.