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ICBRR Test AnswersExam Code: ICBRR Test Answers
Exam Name: International Certificate in Banking Risk and Regulation (ICBRR)
One year free update, No help, Full refund!
ICBRR Test Answers Training online Total Q&A: 342 Questions and Answers
Last Update: 12-25,2015

ICBRR Test Answers VCE Dumps Detail : ICBRR Test Answers Training online

 

NO.1 How could a bank's hedging activities with futures contracts expose it to liquidity risk?
A. Prices may move such that a loss results on the hedge.
B. Since futures require margins which are settled every day, the bank could find itself scrambling for
funds.
C. The futures hedge may not work due to the widening of basis which could result in a loss for the
bank.
D. The bank could get exposed to liquidity risk since futures trade on an exchange.
Answer: B

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NO.2 Which one of the four following non-statistical risk measures are typically not used to quantify
market risk?
A. Net closed positions
B. Option sensitivities
C. Basis point values
D. Convexity
Answer: A

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NO.3 Which one of the following statements regarding collateralized mortgage obligations (CMO) is
incorrect?
A. CMOs are pools of mortgages that are divided according to the timing of cash flows.
B. CMOs are asset-backed securities that have pools of collateralized debt obligations (CDOs) as
underlying collateral.
C. CMOs are generally less risky investment than CDOs.
D. CMOs have senior tranches which are considered short-term, low-risk instruments by banks
Answer: B

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NO.4 What is generally true of the relationship between a bond's yield and it's time to maturity when
the yield curve is upward sloping?
A. There is no relationship between the two
B. The longer the time to maturity of the bond, the higher its yield.
C. The longer the time to maturity of the bond, the lower its yield.
D. The shorter the time to maturity of the bond, the higher its yield.
Answer: B

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NO.5 A financial analyst is trying to distinguish credit risk from market risk. A $100 loan
collateralized with $200 in stock has limited ___, but an uncollateralized obligation issued by a large
bank to pay an amount linked to the long-term performance of the Nikkei 225 Index that measures
the performance of the leading Japanese stocks on the Tokyo Stock Exchange likely has more ___
than ___.
A. Market risk; market risk; credit risk
B. Credit risk, legal risk; market risk
C. Legal risk; market risk; credit risk
D. Market risk; credit risk; market risk
Answer: A

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