ACI 3I0-008 Online Practice Questions and Exam Preparation

ACI 3I0-008 Online Questions & Answers

• Question 191:

  Click on the Detail Button to view the Formula Sheet. An option contract that gives the buyer the right to exercise the option at the average of the prices of the underlying during its life is called:

  A. European-style option
  B. American-style option
  C. Bermudan option
  D. Asian option
  D. Asian option

• Question 192:

  Click on the Detail Button to view the Formula Sheet. Extended trading hours and off-premises dealing can involve additional hazards, the avoidance of which requires clear controls. The Model Code prescribes best market practice. Which of the following is true?

  A. Off-premises dealing should be forbidden.
  B. After-hours trading should be forbidden.
  C. Deals transacted after normal business hours or off-premises should only be undertaken on mobile phones approved by management.
  D. Deals transacted after normal business hours or off-premises either by mobile phones or any other equipment should only be undertaken with the approval of management.
  D. Deals transacted after normal business hours or off-premises either by mobile phones or any other equipment should only be undertaken with the approval of management.

• Question 193:

  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
  D. 0.9994

• Question 194:

  Click on the Detail Button to view the Formula Sheet. What is the value date of a 6-month outright forward FX transaction dealt today, if todays spot date is Monday, 30 th June? Assume there are no bank holidays.

  A. 27th December
  B. 30th December
  C. 31st December
  D. 1st January
  C. 31st December

• Question 195:

  Click on the Detail Button to view the Formula Sheet. Management policy on the use of mobile devices by trading, sales and settlement staff should:

  A. Ban them from the dealing room or back office.
  B. State whether they are allowed in the dealing room and back office, and can be used.
  C. Ban their use in the dealing room or back office.
  D. Restrict their use to senior management and authorised out-of-hours trading and sales staff.
  B. State whether they are allowed in the dealing room and back office, and can be used.

• Question 196:

  Click on the Detail Button to view the Formula Sheet. What is the maximum maturity of a US Treasury bill?

  A. One year
  B. 270 days
  C. 183 days
  D. 5 years
  A. One year

• Question 197:

  Click on the Detail Button to view the Formula Sheet. Where the Committee for Professionalism of the ACI has been notified of a breach of the letter or spirit of the Model Code, it

  A. Will examine the complaint.
  B. May consult with the local ACI.
  C. Will bring the matter to the attention of the local regulator.
  D. None of the above.
  A. Will examine the complaint.

• Question 198:

  Click on the Detail Button to view the Formula Sheet. Voice-brokers in spot FX act as:

  A. Proprietary traders
  B. Market-makers
  C. Matched principals
  D. Agents
  D. Agents

• Question 199:

  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) JPY 0.10%

  What is 1-month USD/JPY?

  A. 123.44
  B. 123.65
  C. 123.86
  D. 123.90
  A. 123.44

• Question 200:

  Click on the Detail Button to view the Formula Sheet. A 7-day piece of USCP is quoted at a rate of discount of 1.75%. What is its true yield?

  A. 1.73%
  B. 1.75%
  C. 1.77%
  D. 1.80%
  B. 1.75%