Choose the Word or Phrase in [ ] Which Will

question 140

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-A life insurance agent who takes her profession seriously is likely to have earned the [CPCU | CLU] professional certification.

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Definitions:

International Fisher Effect

A theory proposing that the difference in nominal interest rates between two countries is equal to the expected change in their exchange rates.

Foreign Currency Approach

A method in financial analysis or accounting that deals with the effects of exchange rates on foreign currency transactions and translations.

Swedish Krona

Sweden's recognized currency, abbreviated SEK.

Unbiased Forward Rates

Interest rates or currency exchange rates determined through analysis that are unaffected by expectations or speculation about future events.