ACAMS CAMS7 Q&A - in .pdf

  • CAMS7 pdf
  • Exam Code: CAMS7
  • Exam Name: Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition)
  • PDF Version: V13.25
  • Q & A: 85 Questions and Answers
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CAMS7 Reliable Study Notes - New CAMS7 Braindumps Files, Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Reliable Exam Answers - Emlalatini

  • Exam Code: CAMS7
  • Exam Name: Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition)
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  • Exam Code: CAMS7
  • Exam Name: Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition)
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  • Q & A: 85 Questions and Answers
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NEW QUESTION: 1
Which two options describe the effect of configuring an interface as passive under OSPF?
(Choose two)
A. The interface processes OSPF hello packets but does not send hello packets.
B. An adjacency cannot be established, and the interface is not included in the routing protocol update.
C. The interface processes OSPF hello packets and also sends hello packets.
D. An adjacency cannot be established, and the interface is included in the routing protocol update.
E. An adjacency can be established, and the interface is not included in the routing protocol update.
Answer: A,D

NEW QUESTION: 2
If receivables transferred with recourse qualify for derecognition, the proceeds from the transfer are:
A. Reduced by the fair value of the recourse obligation.
B. Accounted for as a collateralized borrowing.
C. Explanation:
The entity derecognizes financial assets if it has transferred substantially all of the risks and rewards of ownership. Derecognition also is appropriate when the entity neither has transferred nor retained substantially all the risks and rewards of ownership, providing the entity does not have control. After derecognition, periodic profit or loss will include the difference between the carrying amount transferred and the proceeds, plus or minus any prior adjustment r fl ling the fair value of the asset that had been reported in equity. If a new financial asset is created or a financial liability is assumed, the calculation is adjusted for the fair value of the asset or liability. Thus, the proceeds of the sale are reduced by the fair value of the resource obligationa new financial liability). When the transfer does not meet these criteria, the transfer is accounted for as a collateralized borrowing. A transferor entity most likely should continue to recognize a transferred financial asset if the:
A. Transferor may reacquire the asset, and the asset is readily obtainable in the market
B. Transferee may sell the full fair value of the asset
C. Transferor has an option to reacquire the asset, and the reacquisition price is fair value
D. Transferor is entitled and obligated to repurchase the asset, and the transferee receives a lender's return.
D. Recorded at fair value for the assets obtained and liabilities incurred.
E. Recorded at the historical cost of the assets obtained.
Answer: A,C

NEW QUESTION: 3
How does using cloud computing help to enhance business value?
A. By paying for actual usage, cloud computing allows businesses to convert fixed costs into variable
costs.
B. By paying for actual usage, cloud computing allows businesses to convert variable costs into fixed
costs.
C. By using cloud computing, businesses are able to realize lower asset utilization for personnel.
D. By using cloud computing, businesses are able to lower server utilization.
Answer: A

NEW QUESTION: 4
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A. Capture lessons from previous projects
B. Confirm that the Project Plan is able to deliver the Business Case
C. Define the quality techniques and standards to be applied during the project
D. Ensure that there is a common understanding of the starting point for the project
Answer: D

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