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NEW QUESTION: 1

A. Option C
B. Option B
C. Option A
D. Option D
Answer: B

NEW QUESTION: 2
Fill in the blank: It is Best Practice to have a _____ rule at the end of each policy layer.
A. Explicit CleanUp
B. Implicit Drop
C. Explicit Drop
D. Implied Drop
Answer: A

NEW QUESTION: 3
If A and B be two debt securities, which of the following is true?
A. The probability of simultaneous default of A and B is greatest when their default correlation is 0
B. The probability of simultaneous default of A and B is greatest when their default correlation is negative
C. The probability of simultaneous default of A and B is greatest when their default correlation is +1
D. The probability of simultaneous default of A and B is not dependent upon their default correlations, but on their marginal probabilities of default
Answer: C
Explanation:
Explanation
If the marginal probability of default of two securities A and B is P(A) and P(B), then the probability of both of them defaulting together is affected by the default correlation between them. Marginal probability of default means the probability of default of each security on a standalone basis, ie, the probability of default of one security without considering the other security.
The relationship that expresses the probability of joint default of the two is given by the following expression:

It is easy to see that in a situation where the Default Correlation of A & B = 0, ie, the defaults are independent, the combined probability of default is P(A)*P(B), exactly what we would intuitively expect. Also in the other extreme case where the default correlation is equal to 1 and P(A) = P(B) = p, ie the securities behave in an identical way, the expression resolves to just p, which is what we would expect.
From the above relationship, it is clear that the probability of joint default of A and B is the greatest when default correlation between the two is equal to 1, ie the securities behave in an identical way. Therefore Choice
'a' is the correct answer.

NEW QUESTION: 4
Refer to the exhibit.

A Cisco Unified CME administrator is configuring SNR for a line and has these requirements:
-The remote phone should receive the call after the local phones ring for 10 seconds.
-The ANI displayed on the remote phones should be the local extension number.
Which two configuration commands complete these requirements? (Choose two.)
A. snr calling-number remote
B. snr answer-too-soon 10
C. snr 92875421 delay 10 timeout 20
D. snr calling-number local
E. snr 92875421 delay 15 timeout 10
Answer: C,D
Explanation:
Explanation/Reference:
Explanation: