IAR Cheat Sheet 2026

The 30 highest-yield IAR facts, distilled from real exam questions. Print it, save it as a PDF, or study it here — free, no sign-up.

1. When interest rates rise, which bond characteristic causes the greatest price decline? → Long maturity and low coupon (high duration)
2. Rica stands at a height of 3.22 meters. Rica's height in centimeters is → 32.2 cm
3. According to the Capital Asset Pricing Model (CAPM), a stock's expected return is determined by: → The risk-free rate plus the stock's beta multiplied by the market risk premium
4. What is 731 rounded to the nearest hundred? → 700
5. What is the MOST effective way for new IAR professionals to build competency? → Combining formal education, mentored practice, and ongoing professional development
6. A story is told using 'I' and 'we,' sharing only what one character knows. This is which point of view? → First person
7. A IAR professional discovers a conflict of interest. What is the MOST ethical action? → Disclose immediately and recuse if necessary
8. A recipe for 4 servings uses 3 cups of flour. How much flour is needed for 10 servings? → 7.5 cups
9. Which of the following numbers is the mystery number? → 8
10. A triangle has angles of 50° and 60°. What is the measure of the third angle? → 70°
11. When a IAR professional makes an error in documentation, the CORRECT procedure is to: → Draw a single line through the error, initial, date, and write the correction
12. A bag has 4 red, 3 blue, and 5 green marbles. What is the probability of drawing a blue marble? → 1/4
13. Which sentence uses quotation marks correctly? → "Let's go," she said.
14. Which terms should be capitalized in the list? → japan, korea, thailand, algeria, singapore
15. We saw a ______ house in my Aunt's farm. → tiny
16. In Investment Adviser Representative practice, what is the FIRST step when a safety hazard is identified in the workplace? → Immediately secure the area and report the hazard
17. Which feature of a variable life insurance policy distinguishes it from whole life insurance? → The cash value is invested in separate account sub-accounts with variable returns
18. Which of the following best describes 'fiscal policy'? → Government decisions on taxation and public spending to influence the economy
19. What is the MOST important principle of professional documentation in Investment Adviser Representative practice? → Recording information accurately, objectively, and in a timely manner
20. Which risk management approach is MOST effective for IAR professionals when evaluating potential workplace hazards? → Proactive hazard identification and assessment
21. Which two kitchen task take a total of exactly one and a half hours? → Cake and Steamed Tuna
22. A taxi charges $3.00 plus $2.50 per mile. A rider paid $18.00. How many miles was the trip? → 6 miles
23. Who enforces anti-money laundering laws? → FINCEN and SEC
24. We handed our gift to our mother. _______ was very grateful when she saw it. What is the missing word? → She
25. In a drama, stage directions describe a character slamming a door. These directions mainly help the reader understand what? → The character's emotions and actions on stage
26. If the probability of rain is 0.3, what is the probability it does not rain? → 0.7
27. A convertible bond's conversion premium is calculated as: → (Convertible bond price − conversion value) / conversion value
28. Which statement BEST describes the relationship between Investment Adviser Representative certification and industry evolution? → Requirements evolve periodically to reflect advances in knowledge and practice
29. When GDP is calculated using the expenditure approach, which components are included? → Consumption + Investment + Government spending + Net exports
30. Which of the following BEST describes systematic risk? → Market-wide risk that affects all securities and cannot be diversified away