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NEW QUESTION: 1
You have received the requisite notification from a non-swapping counterparty that their USD correspondent is to be changed from Bank A to Bank B taking effect from value date 15 June. On 14 June, you buy JPY 50,000,000 from your counterparty against USD for value spot. What payment will you execute?
A. JPY payment to Bank A
B. USD payment to Bank B
C. USD payment to Bank A
D. JPY payment to Bank B
Answer: A
NEW QUESTION: 2
A famous painter has recently won a lawsuit against a major food manufacturer for commissioning a graphic designer to design the packaging of its chocolate chip cookies in the painter's distinctive style. As a result of the lawsuit, manufacturers will stop asking graphic artists to copy distinctive painting styles.
Therefore, the cost of package design will rise because employing the services of known artists cost more than those of graphic designer that imitate their style.
The conclusion above is based on which of the following assumptions?
A. Most people are unable to distinguish a famous artist's illustration from that of a good graphic artist imitating the painter's style.
B. Packaging using a famous painter's style usually sell better than packaging using the artistry of imitators.
C. Manufacturers will use well-known painting styles in their packaging.
D. The original version of some well-knows paintings are unavailable for use in packaging.
E. Manufacturers will continue to use graphic artists to imitate the artistic style of famous painters.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The best answer is B.
If choice E were not assumed, the costs of the services of the famous painters would not be said to affect packaging costs. Since packaging costs are, however, projected to rise because of the relatively high cost of famous painters' services, choice E is assumed and is the best answer.
NEW QUESTION: 3
A classification ruleshierarchyis set up as:
The performance measure 'Storage attainment' is associated withcategory STORAGE, while the performance measure Hard Drive attainment is associated with the credit category HARD DRIVE.
If the transaction is:
What will the application do when the Classification and Calculation processes are run?
A. associate the credit category HARD DRIVE with the transaction during the Classification process and later, during the Calculation process, include the transaction when calculating both performance measures ('Storage attainment' and 'Hard Drive attainment')
B. associate the credit category STORAGE with the transaction during the Classification process and later, during the Calculation process. Include the transaction when calculating only the performance measure
'Storage attainment'
C. associate both credit categories (STORAGE and HARD DRIVE) withKm-transaction during the Classification process and later, during the Calculation process, include the transaction when calculating only the performance measure 'Storage attainment'
D. associate the credit category HARD DRIVL with the transaction during the Classification process and later, during the Calculation process, include the transaction when calculating only the performance measure 'Hard Drive attainment*
E. associate both credit categories (STORAGE and HARD DRIVE) with the transaction during the Classification process and later, during the Calculation process, include the transaction when calculating only the performance measure 'Hard Drive attainment'
Answer: D
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