I think it’s a trick question

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  • November 24, 2011 at 4:17 am #163318
    Anonymous
    Inactive

    The Marketable securities with the least amount of default risk are:

    Answer is B. U.S. Treasury securities.

    I think this was written before congress did their dog and pony show and got us downgraded to AA.

    So is answer still B?

Viewing 9 replies - 1 through 9 (of 9 total)
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  • November 24, 2011 at 4:20 am #311048
    Anonymous
    Inactive

    Any clues where I can find the question?

    November 24, 2011 at 4:22 am #311049
    Laura
    Participant

    I would say it's still safe to assume on the exam that would be the obvious pick.

    REG-80, 77, 77
    BEC-67, 68, 71, 67, 71, 74, 71, 74, 72, 77
    FAR- 72, 65,67, 53, 75 (truth be known the 53 was with 4 hours of studying)
    AUD-58, 62, 72, 74, 74, 75
    took 5 years but I'm DONE!!!!!!!!!!!!!!!

    November 24, 2011 at 4:23 am #311050
    Anonymous
    Inactive

    Becker BEC-2 Financial Management Q 4

    November 24, 2011 at 4:31 am #311051
    Anonymous
    Inactive

    I agree with Keeptrying.

    You feel one of the other ones has less default risk than a Treasury security?

    November 24, 2011 at 4:35 am #311052
    Anonymous
    Inactive

    Not that particular question but if it comes in different combination.

    I think i am just overdoing this. who's idea was this CPA thing!?!? 🙂 we should be doing something fun!

    November 24, 2011 at 4:38 am #311053
    Laura
    Participant

    I am doing something fun I'm playing with a magic 8 ball the way the AICPA does with my scores….”maybe next time”, “try again later”….I hope this time it says “winner winner chicken dinner….you passed fool”

    Now back to writing my blog….if only I was an interesting person…I would have so much more to say!

    REG-80, 77, 77
    BEC-67, 68, 71, 67, 71, 74, 71, 74, 72, 77
    FAR- 72, 65,67, 53, 75 (truth be known the 53 was with 4 hours of studying)
    AUD-58, 62, 72, 74, 74, 75
    took 5 years but I'm DONE!!!!!!!!!!!!!!!

    November 24, 2011 at 4:41 am #311054
    Anonymous
    Inactive

    You are an accountant. what do you expect? LOL 😉

    November 24, 2011 at 4:50 am #311055
    Anonymous
    Inactive

    @keeptrying

    Enjoy your ball 🙂

    I'm so ready for this to be over with and have time for some fun! Just one more week! Yeah!

    November 27, 2011 at 2:37 am #311056
    Anonymous
    Inactive

    Remember how “no default” is defined – you get your money back as agreed.

    Even if the money is not worth anything.

    Remember, as long as the US Government has a printing press, they cannot default on their Treasuries.

    So who cares if the principal amount of a $1,000 Treasury bond maturing in 30 years won't buy you a cup of coffee then. You'll get your money back as agreed 🙂

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