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NEW QUESTION: 1
Drag and drop the StackWise states from the left onto the correct descriptions on the right.
Answer:
Explanation:
Explanation
NEW QUESTION: 2
Backwardation can happen in markets where
A. convenience yields are greater than the total interest, storage and other carrying costs
B. convenience yields are positive
C. convenience yield is less than the total interest and carrying costs
D. convenience yields are zero
Answer: A
Explanation:
Explanation
Convenience yield is the benefit from having access to the commodity - and if the convenience yield is very high, for example in a market where manufacturers must never run out of a particular raw material, then these can switch the total cost of carry (which include interest and storage costs, less convenience yields) to being negative. This causes forward prices to become lower than spot prices, a phenomenon known as backwardation.
Therefore Choice 'b' is the correct answer. If convenience yields are less than other carrying costs, then backwardation will not happen. The sign of convenience yields does not matter, what matters is their relative magnitude when compared to the other costs of carry.
To understand this in an intuitive way, consider that forward prices are nothing but spot prices, plus interest, plus storage costs, less convenience yields. If interest and storage costs are less than the convenience yield, the market will be backwarded.
NEW QUESTION: 3
Which of the following is NOT a common backup method?
A. Incremental backup method
B. Daily backup method
C. Full backup method
D. Differential backup method
Answer: B
Explanation:
Explanation/Reference:
A daily backup is not a backup method, but defines periodicity at which backups are made. There can be daily full, incremental or differential backups.
Source: KRUTZ, Ronald L. & VINES, Russel D., The CISSP Prep Guide: Mastering the Ten Domains of Computer Security, John Wiley & Sons, 2001, Chapter 3: Telecommunications and Network Security (page
69).
NEW QUESTION: 4
A company foresees the structure of page templates will change frequently for its pages. Why is it important to use editable templates instead of static templates?
A. A dynamic connection is maintained between the page and the template on existing pages
B. Editable templates are replicated faster to a publish server
C. The Column Control component is only available for editable templates
D. Allows you to add initial components to existing pages
Answer: A