Updated GARP 2016-FRR Demo | 2016-FRR Valid Practice Questions
Updated GARP 2016-FRR Demo | 2016-FRR Valid Practice Questions
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Tags: Updated 2016-FRR Demo, 2016-FRR Valid Practice Questions, 2016-FRR Exam Engine, 2016-FRR Exam Questions Fee, 2016-FRR New Study Plan
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Specify Objectives of the GARP 2016-FRR Certification
The main objective of the GARP FRR certification is to verify a candidate's ability to understand and live up to “the standard of knowledge, skill, and behavior” required by corporations for financial management professionals. The purpose of this is to verify a candidate's ability to understand and live up to “the standard of knowledge, skill, and behavior” required by corporations for financial management professionals. The wiki study guide covers the entire GARP FRM syllabus for this certification. 2016-FRR exam dumps help the candidates to prepare for the GARP FRM certification. Free translate the idea from your native language into English, directly from your browser. Configuration of theoretical knowledge and application of financial products and processes. Talking with clients and partners is crucial in the process of obtaining and maintaining a successful occupation.
>> Updated GARP 2016-FRR Demo <<
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GARP Financial Risk and Regulation (FRR) Series Sample Questions (Q174-Q179):
NEW QUESTION # 174
Which one of the following four attributes would likely help a trader using exchange-traded options to
establish a leveraged position?
- A. Option positions have the same credit risks as a margined long forward.
- B. Unlimited losses for long option positions
- C. Option positions have the same cash risks as a margined short futures purchase.
- D. Higher degrees of exposure at less cash cost
Answer: D
NEW QUESTION # 175
Which of the following statements explain how securitization makes the retail assets highly liquid and the balance sheet easier to manage?
I. By securitizing assets any lack of capital can be accommodated by selling the securitized bonds.
II. Any need to diversify credit risk can be achieved by selling bank's own securitized bonds and buying other bonds that increase diversification.
III. Securitization could be used to promote hedging by using limited market instruments.
- A. I, II
- B. II, III
- C. II
- D. I, II, III
Answer: A
Explanation:
Securitization helps banks make their retail assets highly liquid and their balance sheet easier to manage through the following mechanisms:
I: Accommodating Lack of Capital: By securitizing assets, any lack of capital can be accommodated by selling the securitized bonds. This process enables banks to raise funds quickly by selling bonds backed by their assets.
II: Diversifying Credit Risk: Banks can achieve credit risk diversification by selling their own securitized bonds and buying other bonds that increase diversification. This helps spread the risk across different types of assets and reduces the overall credit risk exposure of the bank.
III; Promoting Hedging: Securitization can be used to promote hedging by using limited market instruments.
By securitizing assets, banks can better hedge their positions and manage the risks associated with their assets more effectively.
References: These points align with the principles outlined in the "How Finance Works" document regarding the benefits of securitization for improving liquidity and managing balance sheets.
NEW QUESTION # 176
In hedging transactions, derivatives typically have the following advantages over cash instruments:
I. Lower credit risk
II. Lower funding requirements
III. Lower dealing costs
IV. Lower capital charges
- A. I, II
- B. II, IV
- C. I, II, III, IV
- D. I, III
Answer: C
Explanation:
Derivatives have several advantages over cash instruments in hedging transactions. These include:
* Lower Credit Risk:
* Derivatives, especially exchange-traded ones, often have lower credit risk because the clearinghouse guarantees the performance of the contract.
* Lower Funding Requirements:
* Derivatives typically require lower upfront capital than buying or selling the underlying cash instruments directly. This is due to the leverage they offer, where only a margin is required instead of the full value of the position.
* Lower Dealing Costs:
* Trading derivatives can be cheaper in terms of transaction costs compared to trading the underlying cash instruments. This is especially true for large positions or frequent trading.
* Lower Capital Charges:
* Regulatory capital requirements for derivatives can be lower compared to cash instruments because derivatives can be used to hedge and reduce overall portfolio risk, thereby reducing capital charges under regulatory frameworks.
ReferencesSource: How Finance Works
NEW QUESTION # 177
Which one of the following four statements about hedging is INCORRECT?
- A. A large number of hedge positions is generally required to match the underlying transaction completely.
- B. For a fully hedged portfolio, any changes in markets prices will typically produce significant changes in
the market value of the portfolio. - C. Traders can hedge their portfolio risks by taking a position in a different instrument.
- D. Traders can hedge their risks by taking an appropriate position in the underlying instrument.
Answer: B
NEW QUESTION # 178
A risk analyst is considering how to reduce the bank's exposure to rising interest rates. Which of the following strategies will help her achieve this objective?
I. Reducing the average repricing time of its loans
II. Increasing the average repricing time of its deposits
III. Entering into interest rate swaps
IV. Improving earnings capacity and increasing intermediated funds
- A. IV
- B. I, II, IV
- C. I, II
- D. III
Answer: D
Explanation:
Entering into interest rate swaps can help a risk analyst reduce the bank's exposure to rising interest rates.
Interest rate swaps can be used to convert variable-rate liabilities into fixed-rate liabilities, thereby reducing the risk associated with rising interest rates.
NEW QUESTION # 179
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