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ACI Dealing Certificate

Exam Details

  • Exam Code
    :3I0-012
  • Exam Name
    :ACI Dealing Certificate
  • Certification
    :ACI Certifications
  • Vendor
    :ACI
  • Total Questions
    :740 Q&As
  • Last Updated
    :Jun 17, 2025

ACI ACI Certifications 3I0-012 Questions & Answers

  • Question 71:

    What is the purpose of a long strangle option strategy?

    A. To anticipate very low volatility in the price of the underlying commodity

    B. To anticipate moderately high volatility in the price of the underlying commodity

    C. To anticipate moderate volatility in the price of the underlying commodity

    D. To anticipate very high volatility in the price of the underlying commodity

  • Question 72:

    Purchasing a USD/JPY call option is equivalent to:

    A. Selling an JPY/USD put option

    B. Selling a JPY/USD call option

    C. Purchasing an JPY/USD put option

    D. None of the above

  • Question 73:

    An option premium is a positive function of:

    A. Time to expiry

    B. The volatility of the price of the underlying commodity

    C. The moneyness of the option

    D. All of the above

  • Question 74:

    The delta of an option is:

    A. The sensitivily of the option value to changes in interest rates

    B. The sensitivity of the option value to changes in volatility

    C. The sensitivity of the option value to changes in the time to expiry

    D. The sensitivity of the option value to changes in the price of the underlying

  • Question 75:

    The market is quoting:

    1-month (31-day) USD. 1.75% 3-month (91-day) USD. 2.05% What is the 1x3 rate in USD?

    A. 4.261%

    B. 2.202%

    C. 1.900%

    D. 1.592%

  • Question 76:

    A customer sells a LIFFE Euro Swiss futures contract. Which of the following risks could he be trying to hedge?

    A. An increase in forward USD/CHF

    B. Falling CHF interest rates

    C. A decrease in forward USD/CHF

    D. Rising CHF interest rates

  • Question 77:

    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

  • Question 78:

    You have quoted a Swiss customer spot USD/CHF as 1.3710-15, but he asks you to quote it as CHF/ USD. What do you quote?

    A. 0.7291-94

    B. 0.7294-91

    C. 1.3710-15

    D. None of these

  • Question 79:

    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

  • Question 80:

    Cable is quoted at 1.6075-80 and you say "5 yours!" to the broker. What have you done?

    A. Sold USD 5 million at 1.6075

    B. Sold GBP 5 million at 1.6075

    C. Bought GBP 5 million at 1.60B0

    D. Bought USD 5 million at 1.6080

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