Q1. The ability to change the proportion of employment income saved can be viewed as: A) a swap contract. B) a zero-coupon bond. C) an option contract.
Q2. The value of having the flexibility to change the level of savings from employment earnings derives from the: A) fact that the investor can be more conservative because they can always save more for retirement in the future. B) ability to increase consumption expenditures, if desired, while still meeting other financial goals. C) fact that the investor can be more aggressive because they have the potential to make up any shortfall with increased savings.
Q3. Which of the following statements is TRUE regarding asset allocation? A) The relationship between employment income and spending affect asset allocation, but the structure of the investor’s liabilities does not. B) Asset allocation is not affected by the relationship between employment income, spending, or the structure of the investor’s liabilities. C) The relationship between employment income, spending, and the structure of the investor’s liabilities all affect asset allocation.
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发表于 2009-1-20 10:01
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