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Exam Code:
Security-Operations-Engineer
Exam Name:
Google Cloud Certified - Professional Security Operations Engineer (PSOE) Exam
Questions:
94 Q&A
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NEW QUESTION: 1
Which two ate requited to publish a completed Digital Customer Service (DCS) application?
A. system administrator approval
B. nothing (DCS applications are always available to all users.)
C. a single "publish" action to complete the task
D. moving the application to Staging and subsequently to Production status
Answer: B,D

NEW QUESTION: 2
Siehe Ausstellung.

Welches Konfigurationsproblem verhindert, dass die OSPF-Nachbarbeziehung zwischen den beiden Routern hergestellt wird?
A. R1 hat einen falschen Netzwerkbefehl für die Schnittstelle Gi1 / 0
B. R2 verwendet den Standardbefehl für die passive Schnittstelle
C. Die R1-Schnittstelle Gil / 0 hat eine größere MTU-Größe
D. R2 sollte seinen Netzwerkbefehl in Bereich 1 haben
Answer: C

NEW QUESTION: 3
What device virtualization technology allows for a single point of management and a centralized routing instance?
A. VDC
B. VM
C. VSS
D. ACE
Answer: C

NEW QUESTION: 4
Barton Wilson, a junior analyst, is a new hire at a money center bank. He has been assigned to help Juanita Chevas, CFA, in the currency trading department. Together, Wilson and Chevas are working on the development of new trading software designed to detect profitable opportunities in the foreign exchange market. Obviously, they are interested in risk-free arbitrage opportunities. However, they have also been instructed to investigate the possibility of longer-term currency exposures that are not necessarily risk-free. To test the logic of their new software, Wilson gathers the following market data:
* Spot JPY/USD exchange rate = 120.
* Spot EUR/USD exchange rate = 0.7224.
* U.S. risk-free interest rate = 7%.
* Eurozone risk-free rate = 9.08%.
* Japanese risk-free rate = 3.88%.
* Yield curves in all three currencies are flat.
In addition to in-house currency transactions, the new software program is also intended to provide insight into currency exposure and hedging needs for the bank's major customers. These customers typically include large multinational firms. Essentially, the bank wants to provide consulting services to its clients concerning which currency exposures offer the greatest possibility of appreciation. In this process, the bank will rely on deviations from international parity conditions as an indicator of long-term currency movements.
Wilson obtains the following data from the econometrics department:
* JPY/USD spot rate one year ago =116.
* EUR/USD spot rate one year ago = 0.7200.
* Anticipated and historical U.S. annual inflation = 3%.
* Anticipated and historical Japanese annual inflation = 0%.
* Anticipated and historical Eurozone annual inflation = 5%.
One of the bank's major customers has significant portions of its business in Japan, and the Eurozone and has long exposure to both currencies. The customer has traditionally hedged all currency risk. However, the customer's new risk manager has decided to leave some currency exposure unhedged in an attempt to profit from long-term currency exposure.
Suppose that Wilson expects the JPY/USD spot rate one year from now to fall by 2% from its current level.
The foreign currency risk premium associated with the JPY is closest to:
A. +1.12%.
B. -5.12%.
C. -1.12%.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Wilson's expected future spot rate [E(S,)] is 2% below the current spot (120 x 0.98 =117.6), so the JPY is expected to appreciate by approximately 2% (it takes less JPY to buy 1 USD). You can confirm that by converting the quotes to USD/JPY and calculating the percent change:

Another way to look at this is to think of the expected change in the spot rate (2%) as the unhedged expected return, and the interest rate differential (3.12%) as the hedged return. The "extra" expected return from remaining unhedged is unhedged minus hedged, or 2 - 3.12% = -1.12%. (Study Session 18, LOS
68.h)

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