Updated: Jun 04, 2026
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1. An exporter intends to bid for a software project in another country. What kind of facility should the exporter avail of a bank in order to participate in the bidding? (Choose the best answer.)
A) Letter of Credit
B) Deposits
C) Guarantee
D) Indemnity
2. A bank wants to charge depreciation tor an asset at the rate ot 20%, 30%, 25%, b%, and 20% tor the tirst year, second year, and so on till the last year How should you indicate this on the Depreciation Rule Mapping screen? (Choose the best answer.)
A) activity depreciation
B) combination of rule-based and ad hoc
C) rule-based
D) ad hoc
3. Which two frequency types can you configure for revaluation in a foreign exchange product? (Choose two.)
A) daily
B) monthly
C) weekly
D) annually
4. Identify four Document Clause types that are available in the system for the LC module. (Choose four.)
A) drafts
B) packing list
C) invoice
D) certificates
E) transport
F) others
G) insurance
5. A back-dated loan is initiated and "Liquidate Back Valued Schedules" is set to Yes at the account level. Which statement is true? (Choose the best answer.)
A) Accounting entries related to an Accrual event and an ALIQ event for back-dated schedules are passed only during EOD
B) Accounting entries related to an Accrual event and an ALIQ event for back-dated schedules are passed when the loan account is saved.
C) Accounting entries related to an Accrual event for back-dated schedules are passed when the account is saved. However, accounting entries for an ALIQ event for back-dated schedules are passed when the loan account is authorized
D) Accounting entries related to an Accrual event for back-dated schedules are passed when the account is saved. However, accounting entries for an ALIQ event for back-dated schedules are passed only during EO
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: A,B | Question # 4 Answer: C,E,F,G | Question # 5 Answer: A |
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