AFE 試験問題を無料オンラインアクセス

Which risk assessment procedures are used to obtain an understanding of the entity and its environment, including its internal control?

• A.Inquiries of management
• B.Analytical procedures
• C.Observation
• D.All of the above

is an amount of money, loaned at interest for a specified term, secured A by real estate and by its improvements such as buildings and infrastructure. This form of instrument itself varies by jurisdiction, but the debt is always evidenced by an accompanying promissory note.

• A.Mortgage Loan
• B.CMBS
• C.Conventional Commercial Loans
• D.Real estate lending

What uses valuation techniques to convert future amounts to a single present amount?

• A.Risk approach
• B.Cost approach
• C.Income approach
• D.Market approach

Interest rates are a key element of any option pricing exercise because cash flows are discounted at interest.

• A.False
• B.True

Generally, residential loans are open to prepayment at any time without penalty. To protect against a deficiency, mortgage loans should not exceed the market value of the mortgaged property and in fact are usually made for:

• A.Not less than 70 percent of the value
• B.No more than 90 percent of the value
• C.No more than 80 percent of the value
• D.Not less than 80 percent of the value