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NEW QUESTION: 1
Given the following SAS data set SASUSER.HIGHWAY:
SASUSER.HIGHWAY
STEERING SEATBELT SPEED STATUS COUNT
absent no 0-29 serious 31
absent no 0-29 not 1419
absent no 30-49 serious 191
absent no 30-49 not 2004
absent no 50+ serious 216
The following SAS program is submitted:
%macro highway;
proc sql noprint;
select count(distinct status)
into :numgrp
from sasuser.highway;
%let numgrp = &numgrp;
select distinct status
into :group1-:group&numgrp
from sasuser.highway;
quit;
%do i = 1 %to &numgrp;
proc print data = sasuser.highway;
where status = "&&group&i" ;
run;
% end;
% mend;
% highway
How many reports are produced by the above program?
A. 0
B. 1
C. 2
D. 3
Answer: D
NEW QUESTION: 2
It is January and an Australian importer needs to pay USD 1,120,000 at the end of August to a US creditor. If a AUD/USD futures contract is trading on the exchange at a futures price of 0.6750 (ie, 1 AUD = 0.6750 USD), and the contract size is USD 100,000, what would represent an appropriate hedge?
A. Sell 11 contracts to the September expiry date and make delivery of USDs in September
B. Buy 11 contracts to the September expiry date and receive delivery of USDs in September
C. Buy 17 contracts to the September expiry date which are closed out in August at the end of August.
D. Buy 11 contracts to the September expiry date which are closed out in August at the end of August.
Answer: D
Explanation:
Explanation
This question touches upon a couple of issues that relate to hedging foreign exchange exposures using futures contracts. Firstly, many futures contracts on exchanges are available only at specific maturity dates, for example, the IMM dates. They may or may not coincide with actual liabilities for a running business. Also, futures contracts are standardized, ie their notional amounts are fixed rounded sums, and they can only be traded in whole numbers. This often means business using futures for hedging end up having a close enough, but not perfect hedge.
For our importer in the question, clearly he has to buy USDs so he can make his payment. Since each contract gives him USD 100k, he should buy 11 contracts that will get him very close to the amount he finally needs.
Also, the contract expires a month later than his liability is due. This means he should offset the contract by closing it out in August soon as he has made his payment. This will allow him to stay hedged till August. If he does not sell out of the contracts, he will become exposed to a long position for one month till the contract settles, a risk which is unnecessary for him.
Therefore Choice 'b' is the best answer.
NEW QUESTION: 3
What kinds of service conversion are supported by an ASON network?
A. Conversion between traditional services and tunnel services
B. Conversion between traditional services and iron services
C. Conversion between traditional SNCP services and diamond services
D. Conversion between traditional services and copper services
E. Conversion between traditional services and gold services
F. Conversion between traditional services and silver services
Answer: B,C,D,E,F
NEW QUESTION: 4
ネットワーク層で動作し、すべての通信と伝送の完全なポイントツーポイント暗号化を提供するプロトコルはどれですか？
A. SSL
B. TLS
C. IPSec
D. VPN
Answer: C
Explanation:
説明
IPSecは、2者間の送信中にパケットを暗号化および認証するためのプロトコルであり、あらゆるタイプのデバイス、アプリケーション、またはサービスを含むことができます。プロトコルは、接続の開始時に2つのパーティ間でセキュリティポリシーの認証とネゴシエーションの両方を実行し、接続の存続期間を通じてこれらのポリシーを維持します。 TLSはネットワーク層ではなくアプリケーション層で動作し、2者間の通信を保護するために広く使用されています。 SSLはTLSに似ていますが、廃止されました。 VPNでは、外部の場所からプライベートネットワークへの通信に安全なチャネルを使用できますが、プロトコルではありません。
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