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Exam Code: PSM-III Dumps

Questions and Answers: 104

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NEW QUESTION: 1
The exercise price (strike price) of an option contract is:
A. The price of the underlying instrument at the time of the transaction
B. The price at which the two counterparties can closeout their position
C. The price at which the transaction on the underlying instrument will be carried out if the option is exercised
D. The price the buyer of the option pays to the seller when entering into the options trade
Answer: A

NEW QUESTION: 2
You want to maintain an audit of the date and time when each user of the database logs off.
Examine the following code:

Which two clauses should be used to fill in the blanks and complete the above code?
(Choose two.)
A. BEFORE LOGOFF
B. AFTER LOGOFF
C. ON SCHEMA
D. ON QRXABASE
Answer: A,D
Explanation:
Explanation/Reference:
Explanation:

NEW QUESTION: 3
An inverted yield curve occurs when which of the following is true?
A. As rates on current issues rise, the price of existing issues falls.
B. The longer the maturity of the investment, the greater the risk of a price decline.
C. In anticipation of lower long-term rates, investors push short-term rates down.
D. The longer the maturity of the investment, the lower the rate of return.
Answer: D


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