Free AAFM GLO_CWM_LVL_1 Exam Questions

Become AAFM Certified with updated GLO_CWM_LVL_1 exam questions and correct answers

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Total 1060 Questions | Updated On: Mar 08, 2026

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Question 1

Consider two stocks, A and B

The returns on the stocks are perfectly negatively correlated. What is the expected return of a portfolio comprising of stocks A and B when the portfolio is constructed to drive the standard deviation of portfolio return to zero?

A : 22.24

B : 20.48

C : 19.57

D : 24.62

Answer: B

Question 2

Interest rate charged are higher in ……………

A : ime mortgage

B : prime mortgage

C : mple mortgage

D : ne of the above

Answer: B

Question 3

Under flexible exchange rates a small open economy should

A : control of its monetary policy

B : insulated from its trading partners' inflation

C : nd to experience the inflation of its trading partners

D : nd that changes in its interest rates match changes in its trading partner's interest rates

Answer: B

Question 4

Which of the following are the agency functions of a Commercial Bank?

A : ,II and III

B : , III and IV

C : II and IV

D : l of these

Answer: D

Question 5

Which of the following is a secondary identifier _______.

A : te of Birth

B : tionality

C : th of the above

D : ne of the above

Answer: B

Page: 1 / 212

Total 1060 Questions | Updated On: Mar 08, 2026

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