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  • Exam Number/Code : Accident-and-Health-or-Sickness-Producer
  • Exam Name : MarylandAccident and Health or Sickness Producer Series 20-24 Exam
  • Questions and Answers : 260 Q&As
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NEW QUESTION: 1
An entity borrows funds from its bank for a one-year period. The bank charges interest at a
nominal rate of 15% per annum, on a discount basis, and requires a 10% compensating balance. The effective annual interest rate on the loan is:
A. 16.67%
B. 25.00%
C. 20.00%
D. 17.65%
Answer: C
Explanation:
Discount interest is subtracted before the loan proceeds are paid to the borrower.
A compensating balance is an amount that the borrower must keep on deposit with the lender. The effective annual interest rate is increased by both the discount interest arrangement and by the compensating balance requirement: The effective rate equals the nominal rate dividend by one minus the sum of the nominal rate and 'the compensating balance percentage, or 20% [.15 - 1.0 - .15 - .1 O)].

NEW QUESTION: 2
Which security approach will BEST minimize Personally Identifiable Information (PII) loss from a data breach?
A. A strong breach notification process
B. End-to-end data encryption for data in transit
C. Continuous monitoring of potential vulnerabilities
D. Limited collection of individuals' confidential data
Answer: D

NEW QUESTION: 3
You use Microsoft SQL Server 2012 to develop a database application.
You create a stored procedure named dbo.ModifyData that can modify rows.
You need to ensure that when the transaction fails, dbo.ModifyData meets the following requirements:
Does not return an error

Closes all opened transactions

Which Transact-SQL statement should you use?
A. BEGIN TRANSACTION
BEGIN TRY
EXEC dbo.ModifyData
COMMIT TRANSACTION
END TRY
BEGIN CATCH
IF @@ TRANCOUNT = 0
ROLLBACK TRANSACTION;
END CATCH
B. BEGIN TRANSACTION
BEGIN TRY
EXEC dbo.ModifyData
COMMIT TRANSACTION
END TRY
BEGIN CATCH
IF @@TRANCOUNT = 0
ROLLBACK TRANSACTION;
THROW;
END CATCH
C. BEGIN TRANSACTION
BEGIN TRY
EXEC dbo.ModifyData
COMMIT TRANSACTION
END TRY
BEGIN CATCH
IF @@ERROR != 0
ROLLBACK TRANSACTION;
END CATCH
D. BEGIN TRANSACTION
BEGIN TRY
EXEC dbo.ModifyData
COMMIT TRANSACTION
END TRY
BEGIN CATCH
IF @@ERROR != 0
ROLLBACK TRANSACTION;
THROW;
END CATCH
Answer: C
Explanation:
Explanation/Reference:
Explanation:

NEW QUESTION: 4
DRAG DROP

Answer:
Explanation:


 

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