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GARP 2016-FRR exam
  • Exam Code: 2016-FRR
  • Exam Name: Financial Risk and Regulation (FRR) Series
  • Version: V12.35
  • Q & A: 70 Questions and Answers
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NEW QUESTION: 1
A put option is 'out-of-the-money' if:
A. Its strike price is higher than the current market price of the underlying commodity
B. If the current market price of the underlying commodity is lower than the strike price of the option
C. Its strike price is equal to the current market price of the underlying commodity
D. If the current market price of the underlying commodity is higher than the strike price of the option
Answer: D

NEW QUESTION: 2
Given the following decision tables, what is the expected result for the test case listed below?

Test Case: Purchase a Toaster weighing 9kg for £10.
A. Must pay in cash, free delivery.
B. Must pay in cash, no free delivery.
C. No need to pay in cash, free delivery.
D. No need to pay in cash, no free delivery.
Answer: D

NEW QUESTION: 3
Which of the following are features of savings plan products (3 answers are correct)
A. Multiple payment plan payments allowed
B. Multiple initial payments allowed
C. Bonus interest
D. Inactive phase at the end of the term
E. Availability of funds limited by notice
Answer: C,D,E

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