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PRMIA 8004 Exam With Confidence Using Practice Dumps

Exam Code:
8004
Exam Name:
PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics
Certification:
Vendor:
Questions:
110
Last Updated:
Sep 16, 2025
Exam Status:
Stable
PRMIA 8004

8004: PRM Certification Exam 2025 Study Guide Pdf and Test Engine

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PRM Certification - Exam IV: Case Studies; Standards: Governance, Best Practices and Ethics Questions and Answers

Question 1

The Financial Accounting and Reporting Infrastructure of any organization must:

I. Accurately represent the corporation's current and known financial condition in a timely manner

II. Only use off-balance sheet transactions which have a legitimate economic, tax, risk transfer or risk mitigating purpose

III. Provide a detailed description of the Risk Management Infrastructure in the organization's Annual Report to Shareholders

IV. Provide an auditable Annual Statement of Compliance with the Board's publicly stated Standards of Corporate Governance to the Board and Audit Committee

Options:

A.

I, II and III only

B.

I, III and IV only

C.

I and III only

D.

All of these are expected of the Financial Accounting and Reporting Infrastructure

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Question 2

The "normal" credit loss profile of Washington Mutual was increased by which of the following?

Options:

A.

The general downturn in the economy of the US

B.

By lowering its own credit underwriting standards

C.

Acquisitions like Long Beach and Providian

D.

Catastrophic losses in its own credit card division

Question 3

According to the Group of 30 Report, deriving aggregate potential credit exposure for a counterparty by adding up the potential exposure of multiple transactions:

Options:

A.

Gives an accurate result in most cases

B.

Captures portfolio effects but not tenor differences

C.

Can easily reflect the impact of netting

D.

Overstates exposure in most cases