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NEW QUESTION: 1
Which one is related to Stackwise technology?
A. Switches can be stack with port-channel.
B. Multiple switches can be stacked.
C. ProStack with mix switch.
D. Master switch and backup switch is listed in line.
Answer: B
NEW QUESTION: 2
A customer executes a large number of sends via Marketing Cloud Connect and is concerned about API Limits.
What should the consultant suggest to minimise the impact of Marketing Cloud Connect on daily API limits?
Choose 2
A. Filter target audiences based on mapped profile attributes to reduce Bulk API calls
B. Upgrade the Marketing Cloud Account to ConnectedApp Authentification
C. Share Sales Cloud user licenses across Marketing Cloud users
D. Use Data Stream to sync object data into a Data Extension in the Marketing Cloud
Answer: A,C
NEW QUESTION: 3
Backwardation can happen in markets where
A. convenience yields are zero
B. convenience yields are greater than the total interest, storage and other carrying costs
C. convenience yield is less than the total interest and carrying costs
D. convenience yields are positive
Answer: B
Explanation:
Explanation
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 total cost of carry (which include interest and storage costs, less convenience yields) to being negative. This causes forward prices to become lower than spot prices, a phenomenon known as backwardation.
Therefore Choice 'b' is the correct answer. If convenience yields are less than other carrying costs, then backwardation will not happen. The sign of convenience yields does not matter, what matters is their relative magnitude when compared to the other costs of carry.
To understand this in an intuitive way, consider that forward prices are nothing but spot prices, plus interest, plus storage costs, less convenience yields. If interest and storage costs are less than the convenience yield, the market will be backwarded.
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