Will i be penalized if i use the ACTED notes to answer? For example CHAPTER 44 on Risk Management tools (1) the Core reading explains Discounted covers saying "these provide cover without the immediate need to finance the full undiscounted liability." The ACTED notes explain that i) the full value of the liabilities is captured on the balance sheet while ii) the premiums are calculated using the discounted value of the liabilities . I never rememberd the core reading because i never understood what they meant, at any time i will stick with the Acted notes explanation?
I can't speak for the examiners. In general though, I'd expect that the marking schedules are more likely to give the Core Reading definitions so your answers would be easier to mark and more likely to "look right" if you stick to these. However the ActEd explanations are also valid and should score marks.
