2016-FRR模試エンジン、2016-FRR認定資格2016-FRR学習教材自体については、学習者が学習教材をさまざまな角度から効率的に学習できるように複数の機能を強化します。たとえば、試験を刺激する機能は、受験者が実際の2016-FRR試験の雰囲気とペースに精通し、予期しない問題の発生を回避するのに役立ちます。簡単に言えば、当社の2016-FRRトレーニングガイドは品質とサービスを優先し、GARPお客様に2016-FRR試験に合格するための新しい体験と快適な気持ちをお届けします。 GARP Financial Risk and Regulation (FRR) Series 認定 2016-FRR 試験問題 (Q46-Q51):質問 # 46
A bank customer can use either a plain vanilla option or an option contract with volumetric flexibility to reduce the following risks:
I. Market Risk
II. Basis Risk
III. Operational Risk
A. II, III
B. I, II
C. I
D. II
正解：B
解説：
A bank customer can use either a plain vanilla option or an option contract with volumetric flexibility to reduce market risk and basis risk. Market risk involves the risk of changes in market prices, and basis risk involves the risk that the derivative's price does not move perfectly with the underlying asset. Operational risk, on the other hand, involves risks related to internal processes, systems, or external events, which are not typically managed through financial derivatives like options.
ReferencesVerified from the discussion on managing market and basis risks with options in the book "How Finance Works".
質問 # 47
Which one of the following four statements correctly defines credit risk?
A. Credit risk is the risk arising from execution of a company's strategy.
B. Credit risk is the risk that complements market and liquidity risks.
C. Credit risk is the risk that summarizes the exposures a company or firm assumes when it attempts to operate within a given field or industry.
D. Credit risk is a form of performance risk in contractual relationship.
正解：D
解説：
Credit risk refers to the risk that a borrower will default on any type of debt by failing to make required payments. It is typically a form of performance risk in a contractual relationship, where one party is at risk of loss due to another party's inability to fulfill financial obligations. This is distinguished from market risk (related to market prices), liquidity risk (related to the availability of funds), and other operational risks that companies might face.
質問 # 48
Which one of the following four exercise features is typical for the most exchange-traded equity options?
A. Asian exercise feature
B. European exercise feature
C. A shout option exercise feature
D. American exercise feature
正解：D
解説：
Most exchange-traded equity options in the U.S. typically have the American exercise feature. This feature allows the holder to exercise the option at any time before and including the expiration date, providing greater flexibility compared to the European exercise feature, which only allows exercise at expiration. The Asian and shout option features are less common and not typically associated with exchange-traded equity options.
質問 # 49
Which statements correctly describe the features of using subscription databases for operational loss data analysis?
Subscription databases
I. Provide central data repositories and benchmarking services to their members.
II. Can provide insight into whether the losses in a firm reflect the usual losses in their industry.
III. Assist with mapping the events to the appropriate business lines, risk categories and causes.
IV. Reflect only events that are interesting to the press and are reported in the press.
A. II and III
B. I, II and III
C. I and II
D. II, III, and IV
正解：B
解説：
* Statement I: Subscription databases provide central data repositories and benchmarking services to their members.
* Verified and correct. These databases aggregate data from multiple sources to provide valuable benchmarking information.
* Statement II: Subscription databases can provide insight into whether the losses in a firm reflect the
* usual losses in their industry.
* Verified and correct. By comparing a firm's losses with industry data, firms can identify trends and anomalies.
* Statement III: Subscription databases assist with mapping the events to the appropriate business lines, risk categories, and causes.
* Verified and correct. Proper mapping helps in accurate risk assessment and management.
* Statement IV: Subscription databases reflect only events that are interesting to the press and are reported in the press.
* Incorrect. These databases aim to capture a wide range of operational loss events, not just those reported in the press.
質問 # 50
Which one of the following four options correctly identifies the core difference between bonds and loans?
A. These instruments cannot be used to estimate credit capital under provisions of the Basel II Accord.
B. These instruments receive a different legal treatment.
C. These instruments have different pricing drivers.
D. These instruments are subject to different credit counterparty regulations.