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NEW QUESTION: 1
What recommendation does the Model Code make in cases of market disruption?
A. Even if local provisions are in place, market participants should only adhere to the ACI best practices of the Model Code in order to maintain efficiency and avoid disputes.
B. Participants must at all times adhere to the rules issued by local regulators, supervisors or central banks even if these rules or procedures conflict with any provision of an existing written agreement.
C. Market participants should strictly adhere to the rules issued by local regulators, supervisors or central banks in order to maintain efficiency and avoid disputes.
D. Parties may unilaterally decide whether they wish to adhere to the terms of the agreement or to amend the terms of the transaction to follow the relevant procedure.
Answer: C

NEW QUESTION: 2
A company sells goods to a customer. You enter an invoice for the customer on June 25. The invoice is eligible for a cash discount of two percent if it is paid in five days and a discount of one percent if it is paid in
14 days.
You need to create a payment journal when the invoices are settled on specific dates.
Which setup options should you use? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.

Answer:
Explanation:

Explanation

NEW QUESTION: 3
In reference to AIMR-PPS, which of the following is/are true?
I. The PPS are explicitly incorporated in the AIMR Code of Ethics and Standards of Professional Conduct.
II. In case of system incompatibilities, the firm can claim compliance for only those assets that are measured and monitored on compatible systems.
III. Plan sponsors, consultants and software vendors cannot claim compliance with the PPS; they can only endorse or require their clients to be in compliance.
A. II and III only
B. III only
C. I, II and III
D. I only
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The PPS are an adjunct to the AIMR Code of Ethics and Standards of Professional Conduct and not explicitly incorporated in that framework. Compliance with PPS is voluntary, not required.