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NEW QUESTION: 1
Which of the following statements is NOT true in relation to the recent financial crisis of 2007-08?
A. The existence of central counterparties could have limited the damage caused by the financial crisis
B. An intention to diversify from their core activities led all market participants to the same activities, which though appearing diversified at the bank's level, created a concentration risk at the systemic level
C. Central banks had data on the interconnections between institutions, but poor understanding and analysis meant this data was never analyzed
D. Counterparty risk was difficult to gauge as it was impossible to know who the counterparty's counterparties were
Answer: C
Explanation:
Explanation
Counterparty risk was difficult to gauge as it was impossible to know who the counterparty's counterparties were - this is true as the chain of financial transactions became excessively long with no central transparency of who owed who what. Bank A's credit depended upon the health of its counterparties, whose health in turn depended upon other counterparties. Thus Choice 'd' is a correct statement.
In an attempt to diversify, banks became more like each other - chasing yield, they piled into securitized products, and chasing diversification, they piled into different types of securitized products. The system as a whole became susceptible to small shocks in the assets underlying this vast edifice of structured products.
Therefore Choice 'a' represents a correct statement.
Choice 'c' does not represent a correct statement. Central banks had little data on the interconnections between institutions. They were aware of the large volumes of OTC transactions, but had no data to figure out who was connected to who, and who had what kind of exposures.
Choice 'b' represents a correct statement. Most transactions, other than exchange cleared futures trades (which were a tiny fraction of all trades) were cleared on a bilateral basis. The existence of central counterparties (CCPs) could have limited the impact of the crisis significantly as market participants would not have lost trust in each other, and the 'collateral damage' that was witnessed from a fall in housing prices, and thereby mortgage assets, would have been more contained.
NEW QUESTION: 2
The resolution is 1280x1024, so the whole picture has about () pixels.
A. 0
B. 1
C. 2
D. 1.3 million
Answer: D
NEW QUESTION: 3
Examine the command below:
BEGIN DBMS_REDACT.ADD_POLICY(
object_schema => 'mavis',
object_name => 'cust_info',
column_name => 'emp_id',
policy_name => 'redact_cust_ids',
function_type => DBMS_REDACT.REGEXP,
expression => '1=1',
regexp_pattern => '(\d\d\d)(\d\d)(\d\d\d\d)',
regexp_replace_string => 'XXXXX\3',
regexp_position => 1,
regexp_occurrence => 0,
regexp_match_parameter => 'i',
policy_description => 'Redacts customer IDs',
column_description => 'emp_id contains employee ID numbers');
END;
/
What do the regexp_pattern and regexp_replace_string parameters accomplish?
A. They find a pattern of nine digits and display the digits as XXXXX XX XXXX.
B. They find a pattern of nine digits; break the digits into three groups that contain the first three, the next two and then the last four digits; and replace all digits with XXXXX concatenated with the last four digits.
C. They find a pattern of six digits; break the digits into two groups that contain the first five, and then the last digit; and replace all digits with XXXXX concatenated with the last digit.
D. They find a pattern of nine digits and display the first five digits as XXXXX and the last four digits as
3333.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
http://docs.oracle.com/database/121/ASOAG/redaction_features.htm#ASOAG925