Free GARP 2016-FRR Exam Questions
Absolute Free 2016-FRR Exam Practice for Comprehensive Preparation
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GARP 2016-FRR Exam Questions
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Provided By: GARP
- Exam: Financial Risk and Regulation (FRR) Series
- Certification: GARP Certification
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Total Questions: 345
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Updated On: Nov 12, 2024
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Rated: 4.9 |
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Online Users: 690
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Question 1
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Which one of the four following statements about consortium databases is correct?Consortium databases
Answer: D
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Question 2
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A bank customer expecting to pay its Brazilian supplier BRL 100 million asks Alpha Bank tobuy Australian dollars and sell Brazilian reals. Alpha bank does not hold reals so it asks fora quote to buy Brazilian reals in the market. The market rate is 100. The bank quotes aselling rate of 101 to its customer and sells the reals at this quoted price. Then the bankimmediately buys the real at the market rate and completes foreign exchange matchedtransaction. What is the financial impact of this transaction for Alpha bank?
Answer: A
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Question 3
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What does correlation between two variables measure?
Answer: B
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What does correlation between two variables measure?
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Question 4
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Which one of the four following statements about drawdowns is correct?
Answer: D
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Which one of the four following statements about drawdowns is correct?
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Question 5
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For a bank a 1-year VaR of USD 10 million at 95% confidence level means that:
Answer: B
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