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NEW QUESTION: 1
It is October. A grower of crops is concerned that January temperatures might be too low and destroy his crop.
A heating-degree-days futures contract (HDD futures contract) is available for his city. What would be the best course of action for the grower?
A. In October, buy January HDD contracts
B. In January, buy January HDD contracts
C. In October, buy September HDD contracts
D. In October, sell January HDD contracts
Answer: A
Explanation:
Explanation
This question is based upon a weather derivative contract traded on the CME in the US. For each day,
'Heating-Degree-Days' (HDD) is calculated as equal to 65 degrees Fahrenheit minus the daily average temperature. The daily average temperature is based upon the temperature reported by the Earth Satellite Corporation using a specified automated weather station. Based upon daily values of HDD, an aggregated number called the 'CME degree days index' is calculated for each contract month. In other words, the index for a particular month is just the aggregation of the 'HDD' value for each of the days of that month. Each contract settles at the end of the month at a value equal to $20 x Degree Days Index. (In a similar way, 'Cooling Degree Days' are also calculated and a futures contract offered, except that CDD is equal to the average daily temperature minus 65 degrees). (Source: CME's website at CMEGroup.com) In the given question, we are interested in hedging against the possibility of the temperature being too low.
This means we should buy the HDD futures contract (the lower the temperature, the higher the difference of the average temperature from 65 degrees, and the higher the settlement). Therefore Choice 'b' is the correct answer. The lower the actual temperature turns out to be, the higher the payout to the grower. It would not be wise to wait till January to buy the contract as by then the prices of the contract would have already risen if the grower's fears of a colder January appear to be coming true. He can hedge his exposure by immediately locking in the January prices.
NEW QUESTION: 2
EC2 채우기 권한이 있는 IAM 사용자는 유지 관리 작업을 위해 중지 된 후에 Amazon EC2 인스턴스를 봇 시작할 수 있습니다. 인스턴스를 시작하면 인스턴스 상태가 "Pending"으로 변경되지만 몇 초 후에 "Stopped"로 다시 전환됩니다.
검사 결과 인스턴스가 CMK (고객 마스터 키)를 사용하여 암호화 된 Amazon EBS 볼륨을 연결 한 것으로 나타났습니다. 이러한 암호화 된 볼륨이 분리되면 IAM 사용자는 EC2 인스턴스를 시작할 수 있었습니다.
IAM 사용자 정책은 다음과 같습니다.
IAM 사용자 정책에 어떤 추가 항목을 추가해야 합니까? (2 개를 선택하십시오.)
A. kms : GenerateDataKey
B. kms : CreateGrant
C. "조건": { "Bool": { "kms : GrantIsForAWSResource": true}}
D. "조건": { "Bool": { "kms : ViaService": "ec2.us-west-2.amazonaws.com"}}
E. kms : 암호 해독
Answer: B,C
Explanation:
The EBS which is AWS resource service is encrypted with CMK and to allow EC2 to decrypt , the IAM user should create a grant ( action) and a boolean condition for the AWs resource . This link explains how AWS keys works. https://docs.aws.amazon.com/kms/latest/developerguide/key-policies.html
NEW QUESTION: 3
Where can the most thorough searches of IBM product issues be performed?
A. IBM Software Support Home page
B. From any IBM.com web page
C. Only from a specific product support page
D. Anywhere with a search dialog
Answer: A
Explanation:
Reference:http://www-01.ibm.com/software/support/lifecycle/
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