Dalton Quiz misses

Question 1

Which are EXEMPtions from registration status of the Investment Advisers Act of 1940?

Answer 1

VIPs are SaFE
Venture Capital solely
Insurance Companies solely
Private Funds

Question 2

Which are EXCeptions from registration status of the Investment Advisers Act of 1940?

Answer 2

TABLEs are incidental
Teachers - advice is incidental to profession only
Accountants - advice is incidental to profession only
Brokers - advisory services are only incidental
Lawyers - advice is incidental to profession only
Engineers - advice is incidental to profession only
Also -
Banks and bank holding companies w/ 0 invstment co
Publishers of bonafide periodical
Advisors exclusively for securities guaranteed by US
Anybody else not within the law as the SEC designates

Question 3

Primary function of Federal Reserve

Answer 3

Monetary Policy - The Federal Reserve controls the supply of money, enabling it to significantly impact interest rates. The Fed will follow a loose, or easy, monetary policy when it wants to increase the money supply to expand the level of income and employment. However, in times of inflation and when it wants to restrict the supply of money, the Fed follows a tight monetary policy.

Question 4

What is the Parol Evidence Rule

Answer 4

Once the contract is placed in written form, all previous and prior understandings of a verbal contract (or any other nature) will not be allowed to contradict the written contract

Question 5

Res ipsa loquitor

Answer 5

the thing speaks for itself - insurance conttract

Question 6

Waiver provision

Answer 6

The company representatives cannot change the contract

Question 7

Estoppel

Answer 7

If a right has been waived, the company will be stopped from denying a claim

Question 8

Absolute Liability

Answer 8

In a situation where someone has undertaken activities or actions that bring about extraordinarily hazardous circumstances

Question 9

what is Regulation Z of the Consumer Credit Protection Act

Answer 9

The dollar amount of finance charges and the annual percentage rate be disclosed

Question 10

When must an advisor provide a written disclosure brochure

Answer 10

disclosure brochure must be given to clients within 48 hours prior to entering into an agreement. If not given prior, then it may be given at the time the contract is created, if the client has five days to rescind the agreement.

Question 11

retire in twelve years. At that time, they would like to have accumulated $350,000 in today’s dollars. To achieve this goal, they plan to invest a sum at the end of each year that will remain constant in purchasing power. They anticipate average inflation at 6% and have an after tax investment earning capacity of 9%. What payment

Answer 11

N=12
i = ((1.09/1.06)-1)*100
FV = 350000
pv=0
PMT= ?

Question 12

What financial aid can a graduate student obtain

Answer 12

Stafford Loans and Perkins loans.

Graduate students do not qualify for any grant monies. The money available to graduate students is all loan monies.The correct answer is “D.” Graduate students do not qualify for any grant monies. The money available to graduate students is all loan monies.