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NEW QUESTION: 1
You have made a price by a Japanese bank in (SD 2,000,000.00 against JPY. They made you
98.95-03 and you took the offer. USD/JPY is now quoted 98.78-81 and you square your position.
What is your profit or loss?
A. Profit of JPY 1.500,000
B. LossofJPV 500.000
C. Loss of JPY 340.000
D. Profit of JPY 340.000
Answer: B
NEW QUESTION: 2
Which statement about a multinational institution's ability to fully investigate unusual activity in all its foreign operations is correct?
A. The institution should consult with the customer and request permission to conduct a full investigation into all the accounts.
B. Certain account documents may be stored only in local language which will prohibit a global assessment.
C. Local privacy and data protection laws may prevent an affiliate from sharing information.
D. Enterprise-wide compliance oversight rules issued in the global institution's headquarters country will override any local limitations in other countries.
Answer: D
NEW QUESTION: 3
Which from the following list are typically found to enable the review process to be successful? [K2]
a.Each review has clear defined objectives b.The lower the number of defects, the better the review process c.The right people for the review objective are involved d.There is an emphasis on learning and process improvement e.Management are not involved in the process at all f.Checklists should not be used, as these slow down the process g.Defects found are welcomed and expressed objectively
A. a, c and d.
B. a, f and g.
C. d, e and g.
D. b, c and f.
Answer: A
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