8009 無料問題集「PRMIA Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition」

（A）the oil market went from strong contango to weak contango

（B）the oil market went from weak backwardation to strong backwardation

（C）the oil market went from contango to backwardation

（D）the oil market went from backwardation to contango

（A）fully aware of the uninsured risks Fortress Re were taking

（B）aware that they had some uninsured liabilities but thought they had enough capital to withstand any uninsured losses

（C）None of the above

（D）absolutely unaware of their uninsured liabilities

（A）Unwinding of liquid positions at the beginning of major losses

（B）Inadequate separation of front and back offices

（C）Changes/breakdowns in historical correlations

（D）Model risk

（A）Vice Chair

（B）Secretary

（C）Chair only

（D）Parliamentarian

（A）determined by business-unit leaders

（B）determined at the Board level with inputs from business unit leaders

（C）determined by the regulators

（D）determined at the Board level without influence by business unit leaders

（A）Rogue traders

（B）Money laundering using foreign exchange trades for political leaders

（C）Improper or insufficient Board-level communication regarding the importance of risk management and oversight

（D）Inadequate back office procedures

（A）The Bank of England provided an additional unlimited facility secured on the collateral of all Northern Rock assets

（B）A covert money market support operation designed to cover up the difficulties Northern Rock was facing

（C）The UK government offered to guarantee all existing and new retail deposits, and to most other creditors

（D）The Bank of England's role as Lender-Of-Last-resort was activated at a penalty interest rate of 150 basis points above the Bank Rate

（A）Use a common trading agreement for interest rate and equity derivatives but a separate agreement for foreign exchange transactions.

（B）Use one trading agreement for foreign exchange forwards and another for foreign exchange options.

（C）Use a single master trading agreement as widely as possible with each counter party.

（D）Use separate trading agreements for interest rate derivatives, equity derivatives and foreign exchange transactions.

（A）Always generate credit risk to both counterparties

（B）Usually create credit risk only for the seller (to default by the buyer)

（C）Create credit risk only for the buyer (due to default by the seller) provided the premium is due, and paid, at contract initiation

（D）Create no credit risk, since the buyer need not exercise the option

（A）Extreme exposure to foreign currency exposures and losses from non-US$ mortgages

（B）Under-management and under-measurement of market and liquidity risk

（C）Lawmakers postponed strenghtening regulatory oversight due to partisan infighting

（D）They did not raise enough capital to weather the storm as the housing slump expanded