Recent Content by Richie Holway

  1. Richie Holway
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    Wrong Numbering of Answer

    Hi, Only the IFoA can provide a definitive answer to this. But for what its worth, in my opinion if it is just 1 mistake in a question number...
    Post by: Richie Holway, Apr 22, 2024 at 8:37 AM in forum: CB2
  2. Richie Holway
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    CB2 Sept 2023

    That sounds like a sensible rule of thumb in the absence of any further wording or information that might suggest the focus should be on consumers...
    Post by: Richie Holway, Apr 17, 2024 in forum: CB2
  3. Richie Holway
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    CB2 Sept 2023

    Hi Greg, For Question 21, an inflationary gap occurs when aggregate expenditure exceeds national income (or injections exceed withdrawals) at the...
    Post by: Richie Holway, Apr 17, 2024 in forum: CB2
  4. Richie Holway
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    September 2022 Q6

    Hi Hashini, This means a bond is issued at time 3 for $95 and redeemed at time 4 for $100. From this information, we can work out the 1-year...
    Post by: Richie Holway, Apr 2, 2024 in forum: CM1
  5. Richie Holway
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    CM1A Sept 2023 Q11(i)

    Hi Greg, The bit in bold is needed because the payments are made monthly but the increase needs to be applied only once per year. Using your...
    Post by: Richie Holway, Apr 2, 2024 in forum: CM1
  6. Richie Holway
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    April 2023 Q27

    Hi Jack, For part (iii), you first need to work out the total cost when four units of labour are employed. So this will be 4 multiplied by the...
    Post by: Richie Holway, Apr 2, 2024 in forum: CB2
  7. Richie Holway
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    CMP, Module 15 - question 15.2

    Hi BenNiu, We need to break the analysis down into two: (1) the impact of the change in money supply on the interest rate, and then (2) the...
    Post by: Richie Holway, Mar 28, 2024 in forum: CB2
  8. Richie Holway
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    Chapter 4 Section 1.5 Question 3

    Hi Lauren, If you're happy with the logic that the marginal utility from the last unit of Good Y needs to be twice the marginal utility from the...
    Post by: Richie Holway, Feb 15, 2024 in forum: CB2
  9. Richie Holway
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    Older past exam questions that are relevant

    CB2 includes some topics that used to be on the pre-2010 syllabus and hence some of the older CT7 questions are useful for revision. The relevant...
    Thread by: Richie Holway, Feb 15, 2024, 0 replies, in forum: CB2
  10. Richie Holway
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    How exactly to study for CB2?

    Hi Tina, It's great that you've already started thinking about the 2024 exams and it's a good idea to make a plan of how you will study the...
    Post by: Richie Holway, Sep 25, 2023 in forum: CB2
  11. Richie Holway
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    Chapter 18 rules

    Hi Molly, This looks correct. For 2), your first line is based on death benefits being paid at the end of the year of death (as you mention),...
    Post by: Richie Holway, Aug 31, 2023 in forum: CM1
  12. Richie Holway
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    Recursive relatioonships between reserves

    Hi Molly, With these recursive reserves, we are looking at periods of 1 year each time. And for each 1 year of a policy, there is only 1 premium...
    Post by: Richie Holway, Aug 31, 2023 in forum: CM1
  13. Richie Holway
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    Chapter 17 question 8

    Hi Molly, The claims acceleration approximation is a way of approximating the answer based on the assumption that deaths occur on average half...
    Post by: Richie Holway, Aug 31, 2023 in forum: CM1
  14. Richie Holway
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    Chapter 13 question 9

    Hi Molly, It is needed here for the DMT cashflows as we are comparing assets and liabilities, and so we need to be consistent. Ie if we are...
    Post by: Richie Holway, Aug 30, 2023 in forum: CM1