John Smith wants to run for election to the Board of Directors of PRMIA. To be nominated, he needs:

• A.To go through a screening process conducted by the Nominations Committee
• B.The backing of three other members
• C.The backing of five other members and to be serving on at least one PRMIA Committee
• D.The backing of 6% of local members

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The failure of Washington Mutual was NOT due to which one of the following?

• A.A run on its deposits by bank customers
• B.Using a combination of subprime mortgage loans and credit cards
• C.Low lending standards and bad quality acquisitions
• D.It failed due to the poor quality of its assets

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For the sentence
"The organization shall encourage all employees to keep abreast of the latest developments in their particular areas of expertise, through ____________, _____________, and _____________ and shall make adequate resources available to enable this to occur," Choose the correct combinations of words from the following options:

• A.journals, courses, compliance mandates
• B.courses, conferences, journals
• C.conferences, discussion groups, blog sites
• D.courses, educational certification, journals

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When supervising others, a PRMIA member must comply with

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

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Which of the following was NOT a factor in the Long Term Capital Management case?

• A.Inadequate separation of front and back offices
• B.Model risk
• C.Changes/breakdowns in historical correlations
• D.Unwinding of liquid positions at the beginning of major losses

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