n NISM Certifications
X NISM Series X
Medium

An ordinary annuity is received at the:

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Start of the period

  2. B

    Middle of the period

  3. End of the period

    Correct answer

  4. D

    Any point in the period

Why this is the answer

Ordinary annuities pay at period’s end.

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