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Exam Code: 2016-FRR
Exam Name: Financial Risk and Regulation (FRR) Series
Vendor: GARP

60 Questions & Answers
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NEW QUESTION: 1
What defines lease rate factor (LRF)?
A. the cost of the direct capital expenditure, divided by the expected lifespan of the equipment
B. the sum of all costs incurred
C. the expected time to recover the initial investment
D. the periodic rental payment, expressed as a percentage of equipment cost
Answer: D

NEW QUESTION: 2
Create a Set containing Customer Names whose Sales are GREATER than 30,000. Which customer had the LEAST sales in this set?
A. Penelope Sewall
B. Tom Ashbrook
C. Tamara Chand
D. Sanjit Engle
Answer: A
Explanation:
Explanation
As the question mentions, we need to create a SET with the following conditions -> Choose only those customers whose Sales > 30,000
1) Right click on customer name --> Create --> Set

2) Let's Name the Set - Customer>30k ( you can name it anything you want :) ) Select USE ALL, and then move to the CONDITION TAB:

3) In the Condition Tab, Choose BY FIELD -> Select Sales -> Sum -> Greater than 30000 , and click OK

4) You should now have a new Set in the Data Pane as follows:

5) Drag this set to the rows shelf, and click on SHOW MEMBERS IN SET. Now drag Sales to the Column Shelf.

6) Click on the Show Mark Labels, and Sort ascending icons as shown:

7) Voila! We have our answer:
c


NEW QUESTION: 3
A cloud solution provider offers services solely to the healthcare industry which meets specific security and government regulations. This is an example of which of the following cloud types?
A. Hybrid
B. Community
C. Public
D. Private
Answer: B


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