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2021 Authorized LPQ-205 Updated Testkings | Easy To Study and Pass Exam at first attempt & Newest CIW LP Qualified - Docs1

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Vendor: CIW
Certifications: CIW Certification
Exam Code: LPQ-205
Exam Name: LP Qualified
Q&As: 69
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NEW QUESTION: 1
Associate LPQ-205 Level Exam
Associate LPQ-205 Level Exam
Associate LPQ-205 Level Exam
A. Replace line 15 with the following code segment: loanRate = 0.065m;
B. Replace line 17 with the following code segment: interestAmount = loanAmount * 0.065m * loanTerm;
C. Replace line 07 with the following code segment: loanRate = 0.065m;
D. Replace line 04 with the following code segment: decimal loanRate = 0.065m;
Answer: A
Explanation:
Explanation
Line 15 will be executed when the loanTerm value is 5.

NEW QUESTION: 2
Which of the following scenarios does not meet the definition of "custody" under NASAA Model Rules?
A. An investment adviser receives a check from a client that is written to a mutual fund and forwards the
check to the mutual fund within three business days of receipt.
B. An investment adviser has general power of attorney for a client and is authorized to withdraw client
funds or securities that are on deposit with a registered broker-dealer upon the investment adviser's
request.
C. An investment adviser keeps a client's securities in its safety deposit box.
D. An investment adviser is mistakenly sent a client's securities, but returns them to the sender within
three business days of receipt.
Answer: D
Explanation:
If an investment adviser is mistakenly sent a client's securities, but returns them to the
sender within three business days of receipt, he is not deemed to have taken custody of the securities
under NASAA Model Rules. Custody is defined by the NASAA as "holding directly or indirectly, client
funds or securities, or having any authority to obtain possession of them." Therefore, an investment
adviser who has general power of attorney to withdraw a client's funds or securities from a broker-dealer
is acting as a custodian, as is an investment adviser who keeps a client's securities in its safety deposit
box. If an investment adviser receives a check from a client that is written to a third party, such as a
mutual, that check must be forwarded within 24 hours of receipt, or the investment adviser is deemed to
be a custodian.

NEW QUESTION: 3
IS 감사인은 기록 된 많은 활동으로 인해 조직이 미수금 애플리케이션의 활동 로그를 효과적으로 검토 할 수 없음을 발견했습니다. 다음 중 감사인이 가장 권장하는 것은 언제입니까?
A. 미수금 거래를 제한합니다.
B. 추가 직원을 고용하여 로그를 검토합니다.
C. 비즈니스 인텔리전스를 활용하십시오.
D. 활동 로그 암호화
Answer: C


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