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Free 2016-FRR Exam Braindumps (page: 3)

Page 2 of 86
PDF with 342 Questions

Which one of the following four statements correctly defines chooser options?

  1. The owner of these options decides if the option is a call or put option only when a predetermined date is reached.
  2. These options represent a variation of the plain vanilla option where the underlying asset is a basket of currencies.
  3. These options pay an amount equal to the power of the value of the underlying asset above the strike price.
  4. These options give the holder the right to exchange one asset for another.

Answer(s): A



Which one of the following four metrics represents the difference between the expected loss and unexpected loss on a credit portfolio?

  1. Credit VaR
  2. Probability of default
  3. Loss given default
  4. Modified duration

Answer(s): A



In the United States, during the second quarter of 2009, transactions in foreign exchange derivative contracts comprised approximately what proportion of all types of derivative transactions between financial institutions?

  1. 2%
  2. 7%
  3. 25%
  4. 43%

Answer(s): B



Which one of the following four model types would assign an obligor to an obligor class based on the risk characteristics of the borrower at the time the loan was originated and estimate the default probability based on the past default rate of the members of that particular class?

  1. Dynamic models
  2. Causal models
  3. Historical frequency models
  4. Credit rating models

Answer(s): C






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