Free PRMIA 8004 Exam Dumps Questions & Answers

According to the PwC report China Aviation Oil, in order to avoid recording and reporting losses, the company adopted which approach covering up its losses?

• A.  selling long-term options with extremely high-risk profiles to generate premiums to cover the cost of closing out loss-making option positions
• B.  selling short-term options with extremely high-risk profiles to generate premiums to cover the cost of closing out loss-making option positions
• C.  selling long-term options with extremely low-risk profiles to generate premiums to cover the cost of closing out loss-making option positions
• D.  selling short-term options with extremely low-risk profiles to generate premiums to cover the cost of closing out loss-making option positions

Which US regulatory authority resolved the restructuring of Washington Mutual?

• A.  None of the above
• B.  The Federal Reserve Bank
• C.  The Office of Thrift Supervision
• D.  Federal Deposit Insurance Corporation

When supervising others, a PRMIA member must comply with

• A.  the standards of the organization where the work is being performed
• B.  PRMIA Standards
• C.  his / her established personal standards of work approved in previous work situations
• D.  local regulatory authority standards which may be less onerous than PRMIA standards

The "normal" credit loss profile of Washington Mutual was increased by which of the following?

• A.  Acquisitions like Long Beach and Providian
• B.  By lowering its own credit underwriting standards
• C.  Catastrophic losses in its own credit card division
• D.  The general downturn in the economy of the US

Which of the following regarding Orange County is FALSE?

• A.  Citron's losses were eventually exposed by massive margin calls
• B.  Bob Citron tried to "ride the yield curve"
• C.  Bob Citron heavily leveraged his positions using repos
• D.  Bob Citron engaged in risky strategies to benefit personally