850-01 Exam Questions and Answers

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When using IORM, which statement accurately describes when redo log file writes take place?
A. Based on the intradatabase resource plan
B. Immediately
C. Based on the priority of the user
D. Based on the resource group of the user
Answer: B
Whenever a transaction is committed, the corresponding redo entries temporarily stored in redo log buffers of the system global area are written to an online redo log file.
Note:I/O Resource Manager =IORM

Which of the following documents must a broker-dealer deliver on or prior to the confirmation due date to a client who is purchasing a security?
A. a margin agreement if the purchase is being made on margin
B. a preliminary prospectus
C. a hypothecation agreement
D. a final prospectus
Answer: D
Explanation: A broker-dealer must deliver a final prospectus to a client who is purchasing a security either on or prior to the confirmation due date. The margin agreement need not be signed until after the initial transaction takes place. The hypothecation agreement is part of the margin agreement. As an alternative, a preliminary prospectus can be provided, but it must be accompanied by additional information that is contained in the final prospectus, but is missing from the preliminary prospectus. Therefore, Choice C, as written, is not correct.

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