Microsoft AI-103 Q&A - in .pdf

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  • Exam Code: AI-103
  • Exam Name: Developing AI Apps and Agents on Azure
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NEW QUESTION: 1
Which two are benefits of using remote AAA services for Cisco Nexus products? (Choose two.)
A. They enable automated configuration backup for devices.
B. Local console access is never included in AAA and can be used for access when the AAA servers are down.
C. They make it easier to manage user logins and passwords across devices.
D. They centrally manage user attributes and permissions.
Answer: C,D

NEW QUESTION: 2
Jonathan Weil, CFA, is the managing director of Weil Capital Management (WCM). Weil has decided to reevaluate the asset backed security (ABS) positions in his investors' portfolios since a recent, and severe, credit problem in the subprime lending industry has had ripple effects on other fixed-income markets. Weil expects the interest rate term structure to remain flat, but shift upward as credit terms tighten. Weil has asked one of his analysts, Vanessa Ordon, to assist him in analyzing potential ABS investments, including some products he is unfamiliar with.
Ordon provides an assessment of ABS backed by auto loans, credit card receivables, and closed end home equity loans. Ordon has assembled the following information on the collateral, credit enhancements, and prepayment risk associated with each type of ABS.

Ordon has also assembled the following information on the structure of a closed end home equity loan (HEL) asset backed security. Ordon has presented the security to Weil as a potential investment opportunity, but Weil is concerned about its default and prepayment risks. The HEL ABS does not have a shifting interest mechanism.

Ordon has also developed an assessment of mortgage backed securities (MBS). Ordon has assembled the following information related to a mortgage backed security.
Which of the following statements regarding the types of credit enhancement for the auto loan and credit card receivable ABS described by Ordon is most likely correct?
A. The auto loan ABS credit enhancement is an excess servicing spread.
B. The credit card receivable ABS credit enhancement is a corporate guarantee.
C. The credit enhancements for both the auto loan ABS and the credit card receivable ABS are external.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
The credit enhancement described for the auto loan ABS is an internal credit enhancement known as an excess servicing spread. Under the excess servicing spread, the ABS issuer pays a coupon to investors that is less than the coupon earned on the collateral. The excess of cash inflows over cash outflows is used to fund credit losses in the collateral. The credit enhancement described for the credit card receivable ABS is an external credit enhancement known as a letter of credit. A letter of credit is a third party, usually a bank, guarantee against collateral losses up to a certain point. Defaults on the collateral are thus mitigated to a certain extent. Third party guarantees are subject to the weak-link philosophy and any credit downgrades associated with the third party will negatively affect the rating of the ABS. (Study Session J 5, LOS 56.d)

NEW QUESTION: 3
Which four attributes are identified in an X.509v3 basic certificate field? (Choose four.)
A. certificate serial number
B. key usage
C. subject name
D. signature algorithm identifier
E. issuer
F. subject alt name
G. CRL distribution points
Answer: A,C,D,E

NEW QUESTION: 4
From an organizational impact perspective, SOA initiatives can introduce: SELECT ALL THAT APPLY
A. new processes
B. change to how project teams are structured
C. new skill-sets
D. new roles
Answer: A,B,C,D

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