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NEW QUESTION: 1
Backwardation can be explained by:
A. expectations of oversupply in the future
B. convenience yields being greater than the total carrying cost
C. short term shortages in the spot markets
D. all of the above
Answer: D
Explanation:
Explanation
When forward prices are greater than the spot prices, the market is said to be in contango. When forward prices are lower than spot prices, the market is said to be backwarded. A short squeeze may contribute to backwardation as shorts try to buy in the spot market to cover their short positions. Similarly, expectations of oversupply in the future, for example due to a bumper harvest may create situations where the forward prices fall below spot prices. Convenience yield is the benefit from having access to the commodity - and if the convenience yield is very high, for example in a market where manufacturers must never run out of a particular raw material, then these can switch the costs of carry (which include interest and storage costs, less convenience yields) to being negative.
Since all these factors can contribute to backwardation in the market, Choice 'd' is the correct answer.
NEW QUESTION: 2
注：この質問は、同じシナリオを提示する一連の質問の一部です。シリーズの各質問には、記載された目標を達成する可能性のある独自のソリューションが含まれています。一部の質問セットには複数の正しい解決策がある場合もあれば、正しい解決策がない場合もあります。
このセクションの質問に回答すると、その質問に戻ることはできません。その結果、これら
質問はレビュー画面に表示されません。
外部アプリケーションのデータ暗号化を構成する必要があります。
解決：
1. SQL Server Management Studioで常に暗号化されたウィザードにアクセスする
2.暗号化する列を選択します
3.暗号化タイプをランダム化に設定します
4. Windows証明書ストアを使用するようにマスターキーを構成する
5.構成結果を検証し、ソリューションを展開します
ソリューションは目標を達成していますか？
A. はい
B. いいえ
Answer: B
Explanation:
Explanation
Use the Azure Key Vault, not the Windows Certificate Store, to store the master key.
Note: The Master Key Configuration page is where you set up your CMK (Column Master Key) and select the key store provider where the CMK will be stored. Currently, you can store a CMK in the Windows certificate store, Azure Key Vault, or a hardware security module (HSM).
References:
https://docs.microsoft.com/en-us/azure/sql-database/sql-database-always-encrypted-azure-key-vault
NEW QUESTION: 3
Section A (1 Mark)
The core of the_________________ is that even though stocks appear to be an attractive asset - they have high average returns and a low covariance with consumption growth - investors appear very unwilling to hold them.
A. Inter Temporal Consumption
B. Sunk Cost Fallacy
C. Equity premium puzzle
D. Present-biased preferences
Answer: C