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NEW QUESTION: 1
Rich Quick is a broker-dealer registered in the state of Massachusetts. He occasionally trades on abnormalities he observes in bond yield spreads for his own account, short selling a bond that appears to be overpriced based on its yield and buying a bond that is identical in almost every respect except for the price, which is less than that of the other bond. He has been able to earn arbitrage profits 95% of the time when he does this. Rich Quick
A. is in violation of securities laws. Arbitrage is a prohibited activity.
B. is trading on insider information, which is a violation of securities laws.
C. engaged in a fraudulent activity.
D. is skilled if he is able to earn profits 95% of the time using this strategy.
Answer: D
Explanation:
Explanation/Reference:
Explanation: If Rich Quick is able to earn profits 95% of the time by trading on abnormalities he observes in bond yield spreads, he is skilled. There is nothing illegal in what he is doing. Arbitrageurs attempt to earn profits when they observe what they believe to be mispriced securities, and this is an accepted activity.
Rich is not using insider information; bond yields are publicly available information.
NEW QUESTION: 2
Which Cisco NAC Appliance design is the most scalable architecture for campus LANs because it provides high performance after posture verification?
A. Layer 3 centraldeployment
B. Layer 3 in-band
C. Layer 2 out-of-band
D. Layer 2 edge deployment
E. in-band virtual gateway
F. in-band real-IP gateway
Answer: C
NEW QUESTION: 3
The physician has ordered that a daily exercise program be instituted by a client with type I diabetes following his discharge from the hospital. Discharge instructions about exercise should include which of the following?
A. Hyperglycemia may occur 2-4 hours after exercise.
B. The blood glucose level should be 100 mg or below before exercise is begun.
C. Exercise should be performed 30 minutes before meals.
D. A snack may be needed before and/or during exercise.
Answer: D
Explanation:
Explanation
(A) Exercise should not be performed before meals because the blood sugar is usually lower just prior to eating; therefore, there is an increased risk for hypoglycemia. (B) Exercise lowers blood sugar levels; therefore, a snack may be needed to maintain the appropriate glucose level. (C) Exercise lowers blood sugar levels. (D) Exercise lowers blood sugar levels. If the blood glucose level is 100 mg or below at the start of exercise, the potential for hypoglycemia is greater.