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Exam Code: PfMP
Exam Name: Portfolio Management Professional (PfMP)
Version: V22.75
Q & A: 580 Questions and Answers
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NEW QUESTION: 1
In 2008, Mr. Conservative bought a 1-year Treasury bill that was yielding 1.63%. The average annual rate of inflation in 2008 was 3.85%. In this case:
A. Mr. Conservative earned a nominal return of +2.22% on his investment.
B. Mr. Conservative earned a real return of +1.63% on his investment.
C. Mr. Conservative earned a real return of -2.22% on his investment.
D. Mr. Conservative earned a nominal return of +3.85% on his T-bill investment.
Answer: C
Explanation:
Explanation/Reference:
Explanation: If Mr. Conservative bought a 1-year Treasury bill in 2008 that was yielding 1.63%, and the average annual rate of inflation in 2008 was 3.85%, Mr. Conservative earned a real return of -2.22 % on his investment. In other words, he lost 2.22% in purchasing power since the dollars he received when the bill matured were worth less than the dollars he paid to buy the bill. Real return = nominal return - inflation rate = 1.63% - 3.85% = -2.22%.
NEW QUESTION: 2
During network design, VLANs are assigned in many ways.
Which of the following ways is seldom adopted?
A. VLAN assignment based on the access device type
B. VLAN assignment based on security system requirements
C. VLAN assignment based on the access location
D. VLAN assignment based on service design
Answer: A
NEW QUESTION: 3
To mitigate a situation where one of the programmers of an application requires access to production data, the information security manager could BEST recommend to.
A. perform regular audits of the application.
B. create a separate account for the programmer as a power user.
C. log all of the programmers' activity for review by supervisor.
D. have the programmer sign a letter accepting full responsibility.
Answer: C
Explanation:
It is not always possible to provide adequate segregation of duties between programming and operations in order to meet certain business requirements. A mitigating control is to record all of the programmers' actions for later review by their supervisor, which would reduce the likelihood of any inappropriate action on the part of the programmer. Choices A, C and D do not solve the problem.
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