PCDRA Practice Questions

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NEW QUESTION: 1
Today is the fixing date for 6x9 FRA that you sold at 5.50% and for which the LIBOR is now 6.00%. Which of the following is true?
A. You will pay a cash settlement to the counterparty
B. You will receive the cash settlement
C. There is no cash settlement pending
D. There is insufficient information to make a determination
Answer: B

NEW QUESTION: 2
Which of the following is NOT the method accounting use to cost inventory?
A. Analysis cost
B. Last in first out
C. Average cost
D. First in first out
Answer: A

NEW QUESTION: 3
Who is ultimately responsible and accountable for reviewing user access to systems?
A. Information systems auditors
B. Data owners
C. Systems security administrators
D. Data custodians
Answer: B
Explanation:
Explanation/Reference:
Data owners are ultimately responsible and accountable for reviewing user access to systems.