ACI 3I0-010 Online Practice Questions and Exam Preparation

ACI 3I0-010 Online Questions & Answers

• Question 101:

  Which of the following is an example of a foreign currency nostro account from the perspective of a bank in London?

  A. a GBP account with another UK bank
  B. a CHF account with a bank in Zurich
  C. a CHF account that it holds for a customer in London
  D. a GBP account that it holds for a bank in New York
  B. a CHF account with a bank in Zurich

• Question 102:

  The CLS-Bank (Continuous Linked Settlement) is one of the ways through which FX transactions can be settled. Why was this bank founded?

  A. to simplify domestic payments
  B. to handle interbank liquidity more efficiently
  C. to accelerate cross-border payments
  D. to minimize settlement risks
  D. to minimize settlement risks

• Question 103:

  A large corporate client sends you a case of expensive wine as a reward for settling a compensation case in their favor. What should you do?

  A. You should decline the gift.
  B. You should share the gift amongst your back office colleagues.
  C. You should report the gift to management and leave it to the management's discretion as to whether you are allowed to keep the gift.
  D. You should accept the gift without question as it was personally addressed to you.
  C. You should report the gift to management and leave it to the management's discretion as to whether you are allowed to keep the gift.

• Question 104:

  A corporate client instructs you to make a USD payment to his account in London. What two message types should you send?

  A. MT 202 and MT 103
  B. MT 202 and MT 210
  C. MT 200 and MT 103
  D. MT 103 and MT 210
  A. MT 202 and MT 103

• Question 105:

  A callable bond attributes a right to:

  A. the lead manager to acquire the entire issue
  B. the lead manager to acquire the entire issue and the issuer to redeem the note at specified dates
  C. the issuer to redeem agreed upon quantities of the note at specified dates
  D. the note holder to sell the notes at specified dates
  C. the issuer to redeem agreed upon quantities of the note at specified dates

• Question 106:

  Minimum reserves at the European Central Bank are:

  A. not remunerated
  B. remunerated at the marginal lending facility rate minus 2%
  C. remunerated at the rate of the deposit facility
  D. remunerated at the main refinancing rate
  D. remunerated at the main refinancing rate

• Question 107:

  The abbreviation "FRN" stands for:

  A. fixed rate notional
  B. forward rate note
  C. fixed rate note
  D. floating rate note
  D. floating rate note

• Question 108:

  The price of a zero coupon, maturing in 2 years, is

  A. always close to 100%
  B. above 100%
  C. below 100%
  D. none of the above
  C. below 100%

• Question 109:

  In hedging, caps are

  A. frequently purchased by issuers of floating rate debt
  B. frequently sold by issuers of floating rate debt
  C. frequently sold by issuers having an FX risk
  D. frequently purchased by issuers having an FX risk
  A. frequently purchased by issuers of floating rate debt

• Question 110:

  A Luxembourg based bank, which regularly buys American securities for its customers, will preferably:

  A. buy the American securities directly on the NYSE
  B. open a bank account in the United States
  C. open an account in a bank in the U.S. that has an account at the NYSE
  D. buy the securities directly in Luxembourg
  C. open an account in a bank in the U.S. that has an account at the NYSE