Click on the Detail Button to view the Formula Sheet.
You are quoted the following market rates:
spot EUR/CHF 1.1005
6M (180-day) EUR 3.45%
6M (180-day) CHF 1.25%
What are the 6-month EUR/CHF forward points?
A. +121
B. +120
C. -116
D. -119
Click on the Detail Button to view the Formula Sheet.
You are quoted the following market rates:
spot USD/JPY 123.65
1M (30-day) USD. 2.15%
1M (30-day) JPY0. 10%
What is 1-month USD/JPY?
A. 123.44
B. 123.65
C. 123.86
D. 123.90
Click on the Detail Button to view the Formula Sheet.
Using the following rates:
spot GBP/CHF 2.3785-15
spot CHF/SEK 5.5975-85
3M GBP/SEK swap 725/690
What is the price for 3-month outright GBP/SEK?
A. 13.3860-13.4020
B. 13.2435-13.2615
C. 13.2412-13.2638
D. 13.2445-13.2605
Click on the Detail Button to view the Formula Sheet. Lending for 3 months and borrowing for 6 months creates a 3x6 forward-forward deposit. The cost of that deposit is called:
A. Break-even rate
B. Implied rate
C. Forward-forward rate
D. All of the above
Click on the Detail Button to view the Formula Sheet. What is the Gold Offered Forward Rate?
A. The price differential between spot and forward gold prices
B. The rate at which dealers will lend gold against US dollars
C. The implied forward price of gold
D. The price of gold for forward delivery
Click on the Detail Button to view the Formula Sheet. You are quoted spot NZD/USD 0.6821-28 and USD/ CHF 1.4652-56, at what price can you buy CHF against NZD?
A. 0.9993
B. 1.0006
C. 1.0007
D. 0.9994
Click on the Detail Button to view the Formula Sheet. What is an outright forward FX transaction?
A. A spot sale (purchase) and a forward purchase (sale)
B. A spot sale (purchase) and a forward sale (purchase)
C. An exchange of currencies on a date beyond spot and at a price fixed today
D. An exchange of currencies on a date beyond spot
Click on the Detail Button to view the Formula Sheet. What is an FX swap?
A. An exchange of two streams of interest payments in different currencies and an exchange of the principal amounts of those currencies at maturity
B. A spot sale (purchase) and a forward purchase (sale) of two currencies agreed simultaneously between two parties
C. An exchange of currencies on a date beyond spot and at a price fixed today
D. None of the above
Click on the Detail Button to view the Formula Sheet. If 6-month EUR/AUD is quoted at 29/32, which of the following statements is correct?
A. EUR rates are higher than AUD rates in the 6-month
B. AUD rates are higher than EUR rates in the 6-month
C. There is a positive EUR yield curve
D. There is not enough information to decide
Click on the Detail Button to view the Formula Sheet. You need to buy USD 5,000,000 against GBP and are quoted the following rates concurrently by two separate banks: 1.6045-50 and 1.6047-52. At which rate do you trade?
A. 1.6045
B. 1.6047
C. 1.6050
D. 1.6052
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