2016-FRR 무료 덤프문제 온라인 액세스

For which one of the following four reasons do corporate customers use foreign exchange derivatives?
I. To lock in the current value of foreign-denominated receivables
II. To lock in the current value of foreign-denominated payables
III. To lock in the value of expected future foreign-denominated receivables IV. To lock in the value of expected future foreign-denominated payables

• A.II
• B.II and III
• C.I and IV
• D.I, II, III, IV

James Johnson bought a coupon bond yielding 4.7% for $1,000. Assuming that the price drops to $976 when yield increases to 4.71%, what is the PVBP of the bond.

• A.$76.
• B.$976.
• C.$26.
• D.$870.

Bank Zilo has $2 million in cash and $10 million in loans coming due tomorrow with an expected default rate of 1%. The proceeds will be deposited overnight. The bank owes $ 10 million on a securities purchase that settles in two days and pays off $9 million in commercial paper in three days that is not expected to renew.
How much money should the bank plan to raise so as to avoid a liquidity problem?

• A.$650 million
• B.$700 million
• C.$710 million
• D.$712 million

What is it called when obligors default at the same time?

• A.Default bias
• B.Herd behavior
• C.Divergent behavior
• D.Speculative bias

An organization's enterprise risk management framework defines its risk profile and typically reflects the organization's
I. Market and credit risks
II. Operational and liquidity risks
III. Strategic and geopolitical risks
IV. Structural developments and industry position

• A.I, II
• B.I, II, III
• C.I, IV
• D.II, III