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NEW QUESTION: 1
Which of the following is NOT a requirement of CRA?
A. To delineate the bank's assessment area(s)
B. To report small business loan data
C. To collect loan data
D. To approve the bank's CRA statement at an annual board meeting
Answer: D
NEW QUESTION: 2
When an institution files an STR with regard to a particular account, what steps should the institution take visa account?
A. The institution should consult its counsel and AML compliance officer and determine whether closing the account is in accord with the institution's procedures
B. The institution should not close the account due to the risk of tipping off the customer and upsetting the criminal investigation
C. The institution should close the account due to the obvious risk it represents
D. The institution should keep the account open due to the need to continue to monitor the account
Answer: A
NEW QUESTION: 3
The two-week repo rate for the 5.25% Bund 2011 is quoted to you at 3.33-38%. You agree to reverse in bonds worth EUR 266,125,000.00, but insist on an initial margin of 2%. You would earn repo interest of:
A. EUR 342,810.40
B. EUR 337,739.24
C. EUR 337,874A0
D. EUR 342,947.58
Answer: C
NEW QUESTION: 4
From a compliance and security perspective, which of these statements is true?
A. You do not ever need to rotate access keys for AWS IAM Roles, nor AWS IAM Users.
B. You do not ever need to rotate access keys for AWS IAM Roles.
C. None of the other statements are true.
D. You do not ever need to rotate access keys for AWS IAM Users.
Answer: B
Explanation:
IAM Role Access Keys are auto-rotated by AWS on your behalf; you do not need to rotate them.
The application is granted the permissions for the actions and resources that you've defined for the role through the security credentials associated with the role. These security credentials are temporary and we rotate them automatically. We make new credentials available at least five minutes prior to the expiration of the old credentials.
http://docs.aws.amazon.com/AWSEC2/latest/UserGuide/iam-roles-for-amazon-ec2.html
