ACI 3I0-010 Online Practice Questions and Exam Preparation

ACI 3I0-010 Online Questions & Answers

• Question 211:

  Which of the following is an example of market risk?

  A. counterparty risk
  B. country risk
  C. settlement risk
  D. stock price risk
  D. stock price risk

• Question 212:

  What is a junk bond?

  A. an AAA-rated security in payment default
  B. a sub-investment grade instrument
  C. an OECD Government bond
  D. a bond typically paying lower yields than an investment grade instrument
  B. a sub-investment grade instrument

• Question 213:

  The payments due on a FRA are settled:

  A. on the trade date
  B. on the maturity date of the FRA
  C. daily in accruals
  D. on the start date of the FRA
  D. on the start date of the FRA

• Question 214:

  You buy a 90-day Treasury Bill with a true yield of 3. 91%. The face amount is USD 10,000,000.00. What would you expect to pay?

  A. USD 9,900,000.00
  B. USD 10,000,000.00
  C. USD 9,903,196. 26
  D. USD 10,097,750.00
  C. USD 9,903,196. 26

• Question 215:

  Which of the following is the main objective of position-keeping?

  A. measuring market exposure
  B. defining capital adequacy
  C. evaluating country risk
  D. monitoring counterparty credit risk
  A. measuring market exposure

• Question 216:

  A collateral pool can be defined as:

  A. assets lent by members of a payment system collectively available to the system as collateral to enable them to obtain funds in specific circumstances
  B. liabilities owned by members of a payments system collectively available to the system as collateral to enable them to obtain funds in specific circumstances
  C. assets owned by members of a payment system collectively available to the system as collateral to enable them to obtain funds in specific circumstances
  D. assets swapped by members of a payment system collectively available to the system as collateral to enable them to obtain funds in specific circumstances
  C. assets owned by members of a payment system collectively available to the system as collateral to enable them to obtain funds in specific circumstances

• Question 217:

  Which of the following is a negotiable instrument?

  A. a fixed time deposit
  B. an on call deposit
  C. a fiduciary deposit
  D. a certificate of deposit
  D. a certificate of deposit

• Question 218:

  What deals are usually associated with a collar?

  A. A purchase of a cap and a sale of a cap at higher reference rate
  B. A purchase of a floor and a sale of a cap or vice versa
  C. A purchase of a cap and a purchase of a floor
  D. A purchase of a step-up cap and a sale of a step-down floor
  B. A purchase of a floor and a sale of a cap or vice versa

• Question 219:

  What is a "tick" in the futures markets?

  A. the maximum daily price change permissible on the futures exchange
  B. a temporary suspension of trading at a futures exchange
  C. the initial margin requirements at a futures exchange
  D. the minimum price movement defined by the futures exchange
  D. the minimum price movement defined by the futures exchange

• Question 220:

  The market standard legal agreement for Interest Rate Swaps is:

  A. ISDA
  B. FRABBA
  C. SIFMA/ICMA
  D. ICMA
  A. ISDA