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NEW QUESTION: 1
A currency swap is BEST described as an:
A. immediate exchange of bank drafts.
B. agreement to convert an obligation in one currency to another.
C. option traded on a recognized exchange.
D. agreement to deliver or purchase a currency in two days.
Answer: B

NEW QUESTION: 2
An installment for $1000 is due for payment on January 10, 2012. The installment has two discounts: the first discount date is December 5, 2011 for $150 and the second discount date us December 20, 2011 for $100. The Pay Date Basis on the supplier site is Discount.
You submit a payment process request:
-Payment Date = December 5, 2011 -Pay Through Date = December 25, 2011 -Date Basis = Pay date -Always Take Discount option = Enabled
What will be the resulting status of the installment and discount?
A. The installment is selected and a discount of $0 is available because the payment date is after the discount dates.
B. The installment is NOT selected because the first discount date NOT BEFORE the Pay Through Date.
C. The installment is NOT selected but discount of $150 is availed because the Always Take Discount option is enabled
D. The installment is selected and a discount of $100 is availed because only the latest discount date is committed.
E. The installment is selected and a discount of $150 is available because the always Take Discount option is enabled.
Answer: E
Explanation:
Similar example:
An installment for 3,000 USD is due for payment on March 31, 2011. The
installment has two discounts. The first discount date is February 15, 2011, for
150 USD. The second discount date is February 28, 2011, for 100 USD.
You submit a payment process request with the following data:
Payment Date = February 8, 2011
Pay Through Date = March 30, 2011
Date Basis = Pay date The Pay Date Basis setting on the supplier site determines whether the installment is selected for payment and whether a discount is taken. If the supplier site Pay Date Basis is set to Discount, the installment is selected for payment because the Pay Through Date of March 30, 2011, is later than at least one of the discount dates. The first discount for 150 USD is taken because the Payment Date of February 8, 2011, is before the first discount date of February 15, 2011. If the Payment Date was after February 15, 2011, but before February 28, 2011, the second discount of 100 USD would be taken. The Payment Date determines the discount. If the supplier site Pay Date Basis is set to Due, the installment is not selected for payment because the installment due date of March 31, 2011, is later than the Pay Through Date of March 30, 2011. The Pay Through Date determines the installment selection.
Reference; Oracle Fusion Applications Procurement, Payables, Payments, and Cash Guide, Date Basis in Payment Process Requests: Examples

NEW QUESTION: 3
Four DRV devices are configured on an EMC Symmetrix VMAX array. As per current settings, a maximum of four simultaneous swaps and eight swaps per day are allowed in the Symmetrix. Optimizer analyzes the back-end I/O and decides to swap.
How many swaps are allowed at the same time?
A. 0
B. 1
C. 2
D. 3
Answer: D

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