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8004 PDF DEMO:

QUESTION NO: 1
Which of the following are PRMIA Governance Principles?
I.Sufficiency of Key Resources and Process II.State of the Art Risk Management Technology
III.Ongoing Education and Discernment IV.Sufficiency of Key Competencies
A. I, II and IV only
B. I and II only
C. I, III and IV only
D. All of these are PRMIA Governance Principles
Answer: C

QUESTION NO: 2
According to the Group of 30 Report, important risks associated with dynamic hedging are:
A. Greater volatility than expected over the life of an option
B. Sudden gaps in market prices
C. Both A and B
D. Neither A nor B
Answer: C

QUESTION NO: 3
As a result of the US government's intervention, which of the following is true?
A. The cost of borrowing for Fannie Mae and Freddie Mac should decline because the government will be standing behind their debts and the buying and selling of mortgage debt will continue
B. The cost of borrowing for house buyers will rise because of the risk premium now built into the cost of such a government guarantee
C. The systemic risks still remain in the housing market because it increases the US government's debt
D. Foreign Central Banks will continue to sell their holdings of Fannie Mae and Freddie Mac securities
Answer: A

QUESTION NO: 4
The Chair, Vice Chair, Secretary and Treasurer of the PRMIA Board of Directors are elected by:
A. All PRMIA Fellow Members
B. The Regional Directors
C. The Blue Ribbon Advisory Panel
D. A two-thirds affirmative vote of all members
Answer: B

QUESTION NO: 5
Zheng Zhu wants to open a new PRMIA Chapter in Wuhan, China. He can do this if:
A. At least 100 members live within 50 miles
B. A local business sponsors the chapter
C. Approved by the Board of Directors
D. All of the above
Answer: C

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Updated: May 26, 2022