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Exam Code: 2016-FRR
Exam Name: Financial Risk and Regulation (FRR) Series
Vendor: GARP

60 Questions & Answers
Verified by IT Certification Professionals

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NEW QUESTION: 1
Which statement is true regarding NAT?
A. NAT is not supported on SRX Series devices.
B. NAT is processed in the control plane.
C. NAT requires special hardware on SRX Series devices.
D. NAT is processed in the data plane.
Answer: D

NEW QUESTION: 2
To decode SSL traffic, AppResponse Xpert requires which of the following?
A. Private key in PKCS12 format
B. Private key and CA-signed public certificate in two separate files (PEM or DER formats)
C. Private key in PEM format
D. CA-signed public certificate in PEM format
E. Private key and CA-signed public certificate in PEM or PKCS12 formats
Answer: C

NEW QUESTION: 3
A client calls CanDo Broker-Dealers with a market-not-held order to buy 5,000 shares of China Security and Surveillance Technology, Inc. (CSR), which sells on the NYSE, "at a good price today." The stock had opened at $5.13, traded as high as $5.36 during the day, and closed at $5.10. CanDo executed the purchase at a price of $5.31, so at market close, the client had lost $1,050. The client can
A. do nothing about it.
B. refuse to pay CanDo commissions for the purchase.
C. refuse to pay for the stock on the settlement date.
D. sue CanDo for not getting him the best price of the day-or anything close to it.
Answer: A
Explanation:
Explanation/Reference:
Explanation: If a client calls CanDo with a market-not-held order to buy 5,000 shares of CSR, he is leaving the price and timing of the trade to the broker's discretion, and the broker cannot be held responsible if the price turns out not to be optimal after-the-fact. The client still owes CanDo its commissions, and to refuse to pay for the stock on the settlement date would subject the client to criminal penalties.

NEW QUESTION: 4
What should be done to determine the appropriate level of audit coverage for an organization's IT environment?
A. determine the company's quarterly budget requirement.
B. calculate the company's yearly budget requirement.
C. define an effective network implementation methodology.
D. define an effective system upgrade methodology.
E. define an effective assessment methodology.
Answer: E
Explanation:
To determine the appropriate level of audit coverage for the organization's IT environment, you must define an effective assessment methodology and provide objective information to prioritize the allocation of audit resources properly.


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