In chapter 2, question under section 1.1 :- For a group of recently recruited actuarial students, it is given that they will have some basic level of understanding of financial concepts, but less familiarity with specific actuarial terms. (Option b) But why option c is not correct? As per my understanding, actuarial students will have fairly good understanding of actuarial concepts and terms so we have to explain only specialised of them. Please explain. Thanks in advance! Regards, Bharti Singla
Hi Bharti We were thinking here that recently recruited actuarial students will include some individuals who have only just started their employment, having recently graduated from university. They may have only just started their actuarial studies (or perhaps haven't yet begun!). Such individuals will be less familiar with specific actuarial terms, so it will be helpful to explain these. OK? Kind regards David
Hi David, Thanks for the clarification. I think I overestimated the knowledge of actuarial freshers..
