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NEW QUESTION: 1
Which of the following statements is false:
A. Futures are OTC instruments with transparent pricing while forward contracts are not
B. Forward contracts, unless collateralized, carry credit risks while the exchange practically eliminates the credit risk on a futures contract.
C. Forward and futures prices differ due to differences in the timing of cash flows
D. Forward contracts are settled at the end of the contract while futures gains and losses are settled daily
Answer: A
Explanation:
Explanation
This question addresses the key differences between futures and forward contracts. Forward contracts are over the counter (OTC) instruments, while futures are exchange traded. Therefore Choice 'b' is not a true statement.
Futures contracts require an initial margin to be paid to the exchange, and gains and losses to be settled daily, while forward contracts generally settle only at the maturity of the contract. Therefore Choice 'a' is a true statement.
The exchange is the counterparty in a futures contract, and through its system of initial and variation margins guarantees the performance of the contract. Futures therefore have very little credit risk when compared to forwards. Therefore Choice 'c' is a true statement.
Because futures gains and losses give rise to daily cash flows, while the P&L on forward contracts is settled only at the end of the contract, the timing differences create small pricing differences between the two.
Therefore Choice 'd' is a true statement.
NEW QUESTION: 2
You are to perform a simple linear regression using the dependent variable Y and the independent variable X (Y = a + bX). Suppose that cov(X,Y)=10, var(X)= 5, and that the mean of X is 1 and the mean of Y is 2. What are the values for the regression parameters a and b?
A. b=0.5, a=2.5
B. b=2, a=4
C. b=2, a=0
D. b=0.5, a=1.5
Answer: C
NEW QUESTION: 3
多くのユーザーが、ネットワークファイルサーバーへのアクセスが共有への読み書き時に非常にゆっくりと応答していることを示しています。 サーバー管理者は、4ディスクRAID 5アレイでドライブに障害が発生したことに注意します。 ホットスペアが設定されていないため、アレイは劣化状態で動作しています。 故障したディスクを交換した後、ドライブの故障後の応答が遅くならないようにするためには、次のどのステップを実行するのがベストでしょうか？
A. 追加のハードドライブを追加し、ボリュームをRAID 6構成に変換します。
B. 追加のハードドライブを追加し、ボリュームをRAID 10構成に変換します。
C. ドライブをアレイに追加しますが、ホットスペアとして構成しないでください。
D. ドライブをアレイに追加し、コールドスペアとして設定します。
Answer: A
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