ACI 3I0-008 Online Practice Questions and Exam Preparation

ACI 3I0-008 Online Questions & Answers

• Question 171:

  Click on the Detail Button to view the Formula Sheet. It is up to the vendors of electronic dealing platforms to ensure that dealers are trained to use their systems.

  A. Management should ensure dealers fully understand the systems they use and dealers should read the manuals.
  B. Management, dealers and vendors share responsibility.
  C. Dealers are required to pass the ACI Dealing Certificate before being allowed to access electronic dealing platforms.
  D. Given the wide range of electronic dealing platforms used by banks, it is the responsibility of the vendors to ensure individual users are adequately trained.
  A. Management should ensure dealers fully understand the systems they use and dealers should read the manuals.

• Question 172:

  Click on the Detail Button to view the Formula Sheet. When dealing with a fund manager, who will allocate shares in a transaction to his unknown clients after the transaction has been executed with you, you should:

  A. Agree in writing with the fund manager that the allocation will be confirmed as soon as practicable after the transaction is executed.
  B. Insist on the allocation being made and confirmed before the transaction is executed.
  C. Agree in writing with the fund manager that he will guarantee the transaction until the allocation is confirmed.
  D. Any of the above.
  A. Agree in writing with the fund manager that the allocation will be confirmed as soon as practicable after the transaction is executed.

• Question 173:

  Click on the Detail Button to view the Formula Sheet. Which type of repo is the least risky for the buyer?

  A. Delivery repo
  B. HIC repo
  C. Tri-party repo
  D. There is no real difference
  A. Delivery repo

• Question 174:

  Click on the Detail Button to view the Formula Sheet. Under the Model Code, if a broker shouts "done" or "mine" at the very moment a dealer shouts "off":

  A. No deal is done
  B. The deal is done.
  C. It should be resolved in consultation with senior management.
  D. The central bank should be consulted.
  B. The deal is done.

• Question 175:

  Click on the Detail Button to view the Formula Sheet. The Chairman and members of the ACIs Committee for Professionalism are ready to assist in resolving disputes through the ACIs Expert Determination Service in situations where:

  A. The amount of the deal exceeds EUR 5 million.
  B. The local regulator or central bank declines to intervene.
  C. Litigation has already commenced.
  D. At the request of one of the counterparties.
  D. At the request of one of the counterparties.

• Question 176:

  Click on the Detail Button to view the Formula Sheet. A dealer needs to buy USD against SGD. Of the following rates quoted to him, which is the best rate for him?

  A. 1.4323-28
  B. 1.4320-25
  C. 1.4315-20
  D. 1.4318-23
  C. 1.4315-20

• Question 177:

  Click on the Detail Button to view the Formula Sheet. Where dealing through an intermediary with an unidentified principal, the Model Code recommends:

  A. It is good practice for compliance, legal or credit functions to identify counterparties before the execution of a deal.
  B. Management should have in place a clear written policy and procedures governing such transactions.
  C. Management needs to be aware of the risks involved, particularly with respect to credit exposure and money laundering.
  D. All of the above.
  D. All of the above.

• Question 178:

  Click on the Detail Button to view the Formula Sheet. An at-the-money call option:

  A. Costs more than an in-the-money call option
  B. Costs less than an out-of-the-money call option
  C. Costs more than an out-of-the-money call option
  D. Costs the same as an at-the-money put option
  C. Costs more than an out-of-the-money call option

• Question 179:

  Click on the Detail Button to view the Formula Sheet.

  You are quoted the following market rates:

  spot EUR/GBP 0.6670

  6M (182-day) EUR 2.35%

  6M (182-day) GBP 3.75%

  What is 6-month EUR/GBP?

  A. 0.6675
  B. 0.6715
  C. 0.6717
  D. 0.6718
  B. 0.6715

• Question 180:

  Click on the Detail Button to view the Formula Sheet. What is the ISO code for the currency of Hungary?

  A. HUG
  B. HKD
  C. HRN
  D. HUF
  D. HUF