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MAPS1

A visually engaging financial quiz scene with elements like charts, financial symbols, and a laptop with quiz questions displayed, in a modern office environment.

Master Your Financial Knowledge

Welcome to the MAPS1 quiz, designed to test your knowledge on financial products and market concepts. Whether you're a professional or just someone looking to expand your understanding, this quiz challenges you with thought-provoking questions.

Key Features:

10 Multiple Choice Questions
Instant Feedback on Your Performance
Learn About Surrender Charges and Interest Rates

10 Questions2 MinutesCreated by CalculatingFox123

If a customer needs to withdrawal $15k above the free withdrawal limit in year 7 and the surrender charge schedule is 8%, 7%, 7%, 6%, 6% the penalty would be?

$600

$500

$700

If a customer needs to withdrawal $15k above the free withdrawal limit in year 5 and the surrender charge schedule is 8%, 7%, 7%, 6%, 6% the penalty would be?

$900

$1050

$1200

$850

When interest rates at the time of withdrawal are higher than the level at the time of contract was issued, the MVA will result in?

A decrease

An increase

When interest rates at the time of withdrawal are lower than the level at the time of contract was issued, the MVA will result in?

A decrease

An increase

The MVA is an adjustment that can either increase or decrease the withdrawal amount depending on the current interest rate environment?

True

False

1035 Exchanges require approval from?

FSMM

Sr CSR

Market President

Question 4a on the Financial Profile should always be answered as ________ to avoid NIGO?

Yes

The S&P 500 was created in 1957. This world-renowned index includes 500 of the top companies in leading industries of the US economy.

True

False

All constituents of the S&P 500 must be US companies.

True

False

As of 2023 these companies are part of the top 10 constituents in the SP 500

META Platforms, Alphabet Inc, Nvidia

Apple, Microsoft, Amazon

Berkshire Hathaway, Tesla

All of the above

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