GCFR Practice Questions

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NEW QUESTION: 1
All else remaining the same, an increase in the joint probability of default between two obligors causes the default correlation between the two to:
A. Decrease
B. Increase
C. Cannot be determined from the given information
D. Stay the same
Answer: B
Explanation:
Explanation
The default correlation between two obligors goes up if the joint probability of default between them increases. This is intuitive. Also consider the formula for the default correlation between two obligors Default correlation = [P(1,2) - P1 * P2] / P1*(1-P1)*P2*(1-P2); where P(1,2) is the joint probability of default between the two and P1 and P2 are their individual probabilities of default. Obviously, an increase in P(1,2) will cause the default correlation to increase.

NEW QUESTION: 2
Is it required to send both the Access Key and the Secret Access key in the REST request to Amazon S3?
A. Yes, it is required only for the root accounts.
B. Yes, it is required only for the IAM users.
C. Yes
D. No
Answer: D
Explanation:
No, it is not required to send both the Access key and the Secret Access key. When a user is making a REST URL, the user is required to send only the Access key and a signature. The signature is created with the Secret Access key and request contents. The user does not need to explicitly send the Secret Access key. Amazon S3 uses the access key ID to look up your secret access key.
Reference: http://docs.aws.amazon.com/AmazonS3/latest/dev/S3_Authentication2.html

NEW QUESTION: 3
Hold, Drop, Transfer, and ________ are the "big four" features.
A. Split.
B. Conference
C. Camp on.
D. Announce.
Answer: A