ACI 3I0-008 Online Practice Questions and Exam Preparation

ACI 3I0-008 Online Questions & Answers

• Question 141:

  Click on the Detail Button to view the Formula Sheet. Gambling or betting amongst market participants has obvious dangers and:

  A. Should be forbidden.
  B. Should be strongly discouraged.
  C. Should be monitored by management.
  D. All of the above.
  B. Should be strongly discouraged.

• Question 142:

  Click on the Detail Button to view the Formula Sheet. If you sell USD 3-month forward to a client against EUR, what should you do to hedge your position?

  A. Buy USD spot, and buy and sell a 3-month EUR/USD FX swap
  B. Sell EUR/USD in the spot market, borrow EUR for 3 months and lend USD for 3 months
  C. Sell a 3-month EUR/USD outright forward
  D. Any of the above
  D. Any of the above

• Question 143:

  Click on the Detail Button to view the Formula Sheet. When quoting the exchange rate between the EUR and AUD, which is conventionally the base currency?

  A. EUR
  B. AUD
  C. Depends on whether the price is being quoted in Europe or Australia
  D. Depends on whether the price is being quoted interbank or to a customer
  A. EUR

• Question 144:

  Click on the Detail Button to view the Formula Sheet. Half an hour ago you were made a price in USD/CAD of 1.5250-55 and sold USD 10 million. The price is now 1.5232-37 and you square your position. What is your profit or loss?

  A. + CAD 23,000
  B. + CAD 13,000
  C. + CAD 18,000
  D. - CAD 13,000
  B. + CAD 13,000

• Question 145:

  Click on the Detail Button to view the Formula Sheet. Bank B's price is shown by a broker to Bank A and is dealt by Bank A. If Bank A wants to increase the amount of the transaction, what is good market practice according to the Model Code:

  A. Bank A can call Bank B directly.
  B. Bank A should wait 10 minutes before calling Bank B.
  C. Bank A cannot increase the amount.
  D. Bank A should go back to the broker .
  D. Bank A should go back to the broker .

• Question 146:

  Click on the Detail Button to view the Formula Sheet. When is interest conventionally due on a 3-year interbank eurodollar deposit?

  A. At maturity
  B. Annually
  C. Semi-annually
  D. Quarterly
  B. Annually

• Question 147:

  Click on the Detail Button to view the Formula Sheet. Today is Monday, 8th December. You sell a 9x12 FRA for value Thursday, 10th September next year. On what date is the settlement amount due to be paid or received (assuming that there are no holidays)?

  A. 8th September next year
  B. 10th September next year
  C. 8th December next year
  D. 10th December next year
  B. 10th September next year

• Question 148:

  Click on the Detail Button to view the Formula Sheet. For which countrys currency is ZAR the ISO code?

  A. Saudi Arabia
  B. South Africa
  C. Zimbabwe
  D. Zambia
  B. South Africa

• Question 149:

  Click on the Detail Button to view the Formula Sheet. What are the secondary market proceeds of a CD with a face value of EUR 5 million and a coupon of 3% that was issued at par for 182 days and is now trading at 3% but with only 7 days remaining to maturity?

  A. EUR 4,997,085.03
  B. EUR 5,000,000.00
  C. EUR 5,071,086.45
  D. EUR 5,072,874.16
  D. EUR 5,072,874.16

• Question 150:

  Click on the Detail Button to view the Formula Sheet. If GBP/USD is quoted to you at 1.6120-30, how much GBP would you receive if you sold USD 2,000,000 ?

  A. 1,239,925.60
  B. 1,237,873.80
  C. 1,240,694.79
  D. 1,242,720.50
  A. 1,239,925.60