8004事前に試験練習テストで使おう（最新112問題)
有効な8004試験解答PDF一年無料更新
質問 # 17
According to the Group of 30 Report, deriving aggregate potential credit exposure for a counterparty by adding up the potential exposure of multiple transactions:
- A. Gives an accurate result in most cases
- B. Can easily reflect the impact of netting
- C. Captures portfolio effects but not tenor differences
- D. Overstates exposure in most cases
正解：D
質問 # 18
The problems which initiated the crisis at Northern Rock during the summer of 2007 were:
- A. A general lack of confidence in mortgage backed securities associated in large part with developments in the US sub-prime mortgage market, and doubts emerging about the viability of the Northern Rock business model
- B. Large customer withdrawals despite the UK regulator and the UK Treasury giving assurances that the bank was solvent
- C. A depositor run on the bank, following doubts about the viability of the Northern Rock business model
- D. Doubts arising about the viability of the business model which necessitated Bank of England intervention
正解：A
質問 # 19
PRMIA is incorporated as:
- A. A for-profit corporation
- B. A charitable trust
- C. A non-profit corporation
- D. A non profit corporation with for profit subsidiaries
正解：C
質問 # 20
As a result of the US government's intervention, which of the following is true?
- A. The cost of borrowing for Fannie Mae and Freddie Mac should decline because the government will be standing behind their debts and the buying and selling of mortgage debt will continue
- B. The cost of borrowing for house buyers will rise because of the risk premium now built into the cost of such a government guarantee
- C. Foreign Central Banks will continue to sell their holdings of Fannie Mae and Freddie Mac securities
- D. The systemic risks still remain in the housing market because it increases the US government's debt
正解：A
質問 # 21
Which of the following CANNOT be counted as a reason why LTCM was given a rescue package and not left to default?
- A. Many of the banks in the rescue consortium were among LTCM's counterparties
- B. Untimely unwinding of some LTCM positions would lead to large market fluctuations and possible turmoil
- C. Some of the banks in the rescue consortium were LTCM investors
- D. The consortium wanted to keep this out of the regulators' eyes
正解：D
質問 # 22
Metallgesellschaft's retail contracts were
- A. hedged using exchange-traded futures with longer maturities than the retail contracts
- B. hedged using exchange-traded futures with shorter maturities than the retail contracts
- C. fully hedged using exchange-traded futures of the same maturities as the retail contracts
- D. unhedged
正解：B
質問 # 23
A risk assessment report generated by a PRMIA member creates an apparent conflict of interest between the PRMIA standards and those of the client organization.
Of the following, which is the correct hierarchy to follow to resolve the conflict? I.The decision of a superior within the organization II.PRMIA Standards III.Guidelines from the regulators in which the organization operates IV.The laws of the country
- A. II, I, IV, and III
- B. I, II, III, and IV
- C. III, II, IV, and I
- D. IV, III, II, and I
正解：D
質問 # 24
What was the most important loss for Bankers Trust?
- A. Loss of its' reputation due to actions seen as detrimental to their clients
- B. Loss of market share due to their licenses being revoked
- C. Money due to unfavourable market moves
- D. Time spent on legal proceedings in courts
正解：A
質問 # 25
According to the Group of 30 Report, important risks associated with dynamic hedging are:
- A. Both A and B
- B. Neither A nor B
- C. Greater volatility than expected over the life of an option
- D. Sudden gaps in market prices
正解：A
質問 # 26
Several clients, including Procter and Gamble took legal action against Bankers Trust, claiming Bankers Trust
- A. sold them derivative products without properly advising them of the relevant risks
- B. hid profits
- C. did not honour its contractual obligations to pay
- D. was involved in accounting fraud
正解：A
質問 # 27
According to the Group of 30 Report, important risks associated with dynamic hedging are:
- A. Both A and B
- B. Neither A nor B
- C. Greater volatility than expected over the life of an option
- D. Sudden gaps in market prices
正解：A
質問 # 28
Which of the following was not cited within the chain of miscalculations and deferred decisions for the downfall of Fannie Mae and Freddie Mac
- A. They did not raise enough capital to weather the storm as the housing slump expanded
- B. Under-management and under-measurement of market and liquidity risk
- C. Lawmakers postponed strenghtening regulatory oversight due to partisan infighting
- D. Extreme exposure to foreign currency exposures and losses from non-US$ mortgages
正解：D
質問 # 29
PRMIA Governance Principles
- A. must be adhered to by all PRMIA member organizations
- B. is a set of recommendations based on research and best practice
- C. must be adhered to by all PRM charter holders
- D. must be adhered to by all financial firms that are PRMIA members
正解：B
質問 # 30
The steps which the US Treasury Department and the Federal Reserve took in July 2008 to boost confidence in both Fannie Mae and Freddie Mac did not include which one of the following:
- A. Removing the prohibition on the Treasury Department to buy both companies stock
- B. Restricting the sale of new Fannie Mae and Freddie Mac securities only to US citizens
- C. Access to the Federal Reserve discount window
- D. Reiterating their belief that both companies played a central role in the US housing finance system
正解：D
質問 # 31
When describing the reasons for the collapse of China Aviation Oil, which of the following was not cited?
- A. Loss generating positions were rolled over by selling options on larger positions to generate cash premiums' to settle existing position losses
- B. Senior management in China were aware of the positions but did not understand the complexities of risk managing them
- C. Time value was not taken into account during the contract valuation process
- D. No properly defined risk management policies in place and general lack of oversight by senior management
正解：B
質問 # 32
For the sentence
"The organization should have at its disposal employees who have adequate _________, ________ and _______ to perform the tasks assigned to them", Choose the correct combination of words from the following options:
- A. experience, skills, previous successes
- B. risk appetite, knowledge, expertise
- C. track record, expertise, skills
- D. knowledge, skills, expertise
正解：D
質問 # 33
Barings failed to recognize that Nick Leeson's losses were increasing because:
- A. Leeson ran the front office
- B. The margin report sent to London did not show the true margin needs
- C. The London office did not ask for any reports
- D. Leeson hid his trades in a suspense account
正解：D
質問 # 34
Zheng Zhu wants to open a new PRMIA Chapter in Wuhan, Chin
a. He can do this if:
- A. Approved by the Board of Directors
- B. All of the above
- C. At least 100 members live within 50 miles
- D. A local business sponsors the chapter
正解：A
質問 # 35
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PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics無料更新認定サンプル問題：https://www.goshiken.com/PRMIA/8004-mondaishu.html