1、You are asked by your manager to match the following events to the corresponding type of risk. The events are:
Event:
IInsufficient training leads to misuse of order management system.
IICredit spreads widen following recent bankruptcies.
IIISwaps with counterparties exceed counterparty credit limit.
IVCredit swaps with counterparty cannot be netted because they originated in multiple jurisdictions.
Which of the following statement is correct?
A.I and II are operational risk.
B.I and III are operational risk.
C.I and IV are operational risk.
D.III and IV are operational risk.
答案：C
金程frm答案解析：
Explanation: The head of the government bond trading desk misreported a series of trades between 1992 and 1994, which allowed him to report substantial artificial profits. This situation of hypothetical profits in place of promised profits resembles a classic Ponzi scheme.
2、An investment in a callable bond can be analytically decomposed into a:
A. Long position in a non-callable bond and a short position in a put option
B. Short position in a non-callable bond and a long position in a call option
C. Long position in a non-callable bond and a long position in a call option
D. Long position in a non-callable bond and a short position in a call option
3、An investment in a callable bond can be analytically decomposed into a:
A. Long position in a non-callable bond and a short position in a put option
B. Short position in a non-callable bond and a long position in a call option
C. Long position in a non-callable bond and a long position in a call option
D. Long position in a non-callable bond and a short position in a call option
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