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NEW QUESTION: 1
Bank Muri has $4 million in cash and $5 million in loans coming due tomorrow with an expected default rate
of 1%. The proceeds will be deposited overnight. The bank owes $ 9 million on a securities purchase that
settles in two days and pays off $8 million in commercial paper in three days that is not expected to renew. On
day 2, $1 million in loans is coming in with an expected default rate of 1% and on day 3, $2 million in loans is
coming in with expected default rate of 2%. How much should the bank plan to raise in order to avoid liquidity
problems?
A. $508 million
B. $510 million
C. $550 million
D. $500 million
Answer: B

NEW QUESTION: 2
What condition must a directory be in before it can be made into an Enterprise SmartLock directory?
A. Not existing
B. Compliance SmartLock directory
C. Empty
D. Non-WORM directory
Answer: C

NEW QUESTION: 3
What are the three different modes used for Compound Employee API modes?
A. Snapshot
B. Full
C. Small
D. Delta
Answer: A,B,D

NEW QUESTION: 4
The Chief Executive Officer (CEO) of a large prestigious enterprise has decided to reduce business costs by outsourcing to a third party company in another country. Functions to be outsourced include: business analysts, testing, software development and back office functions that deal with the processing of customer data. The Chief Risk Officer (CRO) is concerned about the outsourcing plans. Which of the following risks are MOST likely to occur if adequate controls are not implemented?
A. Improper handling of customer data, loss of intellectual property and reputation damage
B. Cultural differences, increased cost of doing business and divestiture issues
C. Geographical regulation issues, loss of intellectual property and interoperability agreement issues
D. Improper handling of client data, interoperability agreement issues and regulatory issues
Answer: A