Test your knowledge

Choose wisely. There is only one correct answer to each question.

0%

Keep studying!

Review your answers below to learn more.

1.
As regards your investment policy statement, investment selection criteria tend to be _______.
Choose wisely. There is only one correct answer.
Quantitative. These criteria are a means of quantifying your investment philosophy.
2.
What does the executive summary portion of the investment policy statement do?
Choose wisely. There is only one correct answer.
It summarizes your current situation and what you expect from your portfolio. In other words, it's a snapshot.
3.
Which of the following is a question to answer for the investment philosophy section of your investment policy statement?
Choose wisely. There is only one correct answer.
What's my philosophy about risk? Investment philosophy questions tell you what is important to you as an investor.
4.
The Monitoring Procedures portion of your investment policy statement details _______.
Choose wisely. There is only one correct answer.
How you will keep tabs on your investments. This the section in which you keep your document accurate and current.
5.
Which of the following is a question to answer while creating the investment objectives of your investment policy statement?
Choose wisely. There is only one correct answer.
How long will I be funding this goal? This is an objectives-related question.