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NEW QUESTION: 1
When you are accepting a stop loss order, you must:
A. Ensure that your counterparty understands the terms under which your bank accepts the order.
B. Ensure that your counterpart can be contacted in the event of unusual situations or events or extremely volatile market conditions.
C. Ensure that your counterparty understands that any guarantee or fixed price execution requires agreement in writing.
D. All of the above.
Answer: C
NEW QUESTION: 2
A. Option D
B. Option B
C. Option C
D. Option A
Answer: B
Explanation:
As a practice, the following are definitions and allowable actions concerning
the copy of the program used for backup purposes.
Hot: A copy of the program may reside for backup purposes on a machine, is started, and
is doing work. The customer must acquire a license or entitlements for this copy and there
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Cold: A copy of the program may reside, for backup purposes, on a machine as long as the
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A bank was considering its first use of computer-aided software engineering CASE) to develop an inquiry system for account representatives to access consolidated profiles of customers' accounts. A benefit of using CASE in this situation is that:
A. The need for testing would be reduced.
B. Management of the development process would be improved.
C. No new software development tools would be needed.
D. No training of programmers would be required.
Answer: B
Explanation:
CASE applies computers to software design and development. It permits creation and maintenance of systems documentation on the computer and the automation of a part of the programming effort. Using CASE would improve management of the development process because the CASE software maintains the links between the different components,
provides built-in project management tools, and supplies automated testing aids.
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A. Threaten to sue the vendor if they don't complete the work.
B. Fire the vendor for failing to complete the contractual obligation.
C. Withhold the vendor's payments for the work they've completed.
D. Refer to the contract agreement for direction.
Answer: D
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