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SOFE AFE Exam Dumps

Vendor: SOFE
Exam Code: AFE
Exam Name: Accredited Financial Examiner
Certification: AFE Designation
Total Questions: 286 Q&A
Updated on: Oct 11, 2024
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Same Questions from the Latest Real Exam

Free AFE Exam Questions in PDF Format

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SOFE_leads4pass_AFE_by_ahmed_from_KSA_230.pdf
209.73 KB
SOFE_leads4pass_AFE_by_amer_267.pdf
209.09 KB
SOFE_leads4pass_AFE_by_PT_262.pdf
209.11 KB
SOFE_leads4pass_AFE_by_Muhammad_Furqan_229.pdf
209.2 KB
SOFE_leads4pass_AFE_by_Nachol_276.pdf
211.44 KB
SOFE_leads4pass_AFE_by_vela_256.pdf
209.16 KB

AFE Online Practice Questions and Answers

Questions 1

Direct serving loans method requires a system of good internal control and requires that the functions be split between the Accounting Department and the Investment Department. In such a case the Accounting Department is responsible for all of the following EXCEPT:

A. Supplying the Investment Department with correct data and reports that summarize all loan transactions

B. Alerting the Investment Department promptly whenever an exception to the normal processing routine occurs

C. The design, maintenance, and accuracy of accounting records, for periodic management and exception reports, and for statutory statement preparation

D. Its records may or may not provide the needed data to support this reporting function

Show Answer

Questions 2

A liability for premiums paid in advance can also arise when insurers allow policyholders to pay several years' premiums at one time. Since the insurer has the use of policyholder funds that are not yet due, it is customary for the insurer to:

A. Credit Assets

B. Discount the value of such premiums and accept a lesser amount in cash

C. Discount the value of such premiums

D. Accept a lesser amount in cash

Show Answer

Questions 3

____________ is considered to be self-sustaining if it is financially and operationally independent of the reporting enterprise.

A. Retrocession

B. Reinsurance

C. Portfolio Investments

D. Foreign operation

Show Answer More Questions

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