CCFR-201 Practice Questions

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NEW QUESTION: 1
A client has redesigned their nonprofit endowment product to pay a guaranteed 110% of Sum Assured on death rather than just the Sum Assured assumed in Standard Code. They want you to update the model so that it will be unaffected when any future updates of Standard Code are copied into the workspace.
How would you do this?
A. Copy the Sum Assured variable into a blank line at the bottom of theproduct and change the code to 110% * Sum Assured.
B. Comment out the original code within the existing module and replace with 110% * Sum Assured.
C. Copy the Sum Assured variable into a blank line at the bottom of the module and change the code to 110% it Sum Assured.
D. Change the existing formula to 110%* Sum Assured.
Answer: D

NEW QUESTION: 2
An IT security team is concerned about the authentication traffic patterns that may be required to integrate the private and public clouds. As a result, IT has elected to federate their active directory using ADFS from the private cloud to the public cloud.
One of the design decisions is whether to use a Layer 2, 3, or 7 firewall / switch mechanism between the public and private clouds. There are trade-offs with each choice.
Which network layer would best address this situation, and why?
A. Layer 2, because it provides the best performance and it is easy to isolate problems.
B. Layer 7, because it allows control at the application layer and is policy driven.
C. Layer 2, because it provides the simplest configuration to manage and it is easy to isolate and troubleshoot problems.
D. Layer 3, because it allows segment isolation while still providing high performance levels.
Answer: B

NEW QUESTION: 3
What would most concern a credit risk analyst has within commercial banking?
A. Having access to reports on Potential Future Exposure on a portfolio of FX products
B. Having access to reports on loan origination and credit limit utilization
C. Having tools to report on wrong-way risk in the trading book portfolio
D. Having tools to validate the market risk factors for scenario generation
Answer: B

NEW QUESTION: 4
What type of component is a mapping table introducer?
A. Function
B. Comparator
C. Operator
D. Splitter
Answer: B