ACI 3I0-010 Online Practice Questions and Exam Preparation

ACI 3I0-010 Online Questions & Answers

• Question 271:

  How much would you receive in AUD for a spot sale of USD 7,000,000.00 at 0.6650?

  A. None, you would pay AUD and receive USD
  B. 10,526,315. 79
  C. 4,655,000.00
  D. 5,500,000.00
  B. 10,526,315. 79

• Question 272:

  Which of the following is essential for the effective and timely execution of outward payments?

  A. confirmation of the exact processing time of the payment order with the central bank of your counterparty
  B. the strict adherence to the cut-off times of your domestic payment system
  C. confirmation of the time of processing of the payment order with your own central bank
  D. the strict adherence to the cut-off times for payments made worldwide
  D. the strict adherence to the cut-off times for payments made worldwide

• Question 273:

  What are the factors determining if a FX transaction can be settled through the CLS Bank?

  A. currency pair, price
  B. currency pair, counterparty, time
  C. currency pair, price, counterparty
  D. counterparty, price
  B. currency pair, counterparty, time

• Question 274:

  CHIPS is the name commonly used for the domestic clearing system in:

  A. London
  B. Frankfurt
  C. New York
  D. Hong Kong
  C. New York

• Question 275:

  Some large losses occurred in the past from derivatives trading because:

  A. Derivatives brokers significantly over-charged their clients
  B. Institutions did not understand the leverage of their transactions
  C. Money managers engaged in intra-day trading
  D. Money managers embezzled money using derivatives
  B. Institutions did not understand the leverage of their transactions

• Question 276:

  A bond selling at a discount will be selling for:

  A. less than 100%
  B. 100%
  C. more than 100%
  D. more than a bond selling at a premium
  A. less than 100%

• Question 277:

  All trades, internal and external, should be entered into trade capture systems:

  A. the same day they are executed
  B. as soon as possible
  C. within 24 hours of execution
  D. within an hour of execution
  B. as soon as possible

• Question 278:

  The standard benchmark measure used for the cost of funds in the London Market is:

  A. LIBID
  B. Base Rate
  C. LIBOR
  D. LIMEAN
  C. LIBOR

• Question 279:

  What payment system is used by EU national central banks and the European Central Bank?

  A. SWIFT
  B. CHAPS
  C. EAF
  D. TARGET
  D. TARGET

• Question 280:

  The purchase price of a coupon bond

  A. is higher than its face value if, and only if, its coupon rate is higher than its yield to maturity on the coupon date
  B. is higher than its face value if, and only if, its coupon rate is lower than its yield to maturity on the coupon date
  C. is lower than its face value if, and only if, its coupon rate is higher than its yield to maturity on the coupon date
  D. is always higher than its face value
  A. is higher than its face value if, and only if, its coupon rate is higher than its yield to maturity on the coupon date