ACI 3I0-010 Online Practice Questions and Exam Preparation

ACI 3I0-010 Online Questions & Answers

• Question 291:

  The trade life cycle of a treasury deal starts with input and ends with:

  A. accounting
  B. adjustment of bilateral limits
  C. netting
  D. nostro reconciliation
  D. nostro reconciliation

• Question 292:

  You have dealt an interbank money market trade with a Spanish bank and must pay USD. Whom do you instruct for payment?

  A. your correspondent bank in Spain
  B. your national central bank
  C. the European Central Bank
  D. your correspondent bank in the USA
  D. your correspondent bank in the USA

• Question 293:

  Which of the following are considered money market, cash or derivative instruments?

  A. currency futures
  B. forward FXs
  C. currency options
  D. forward rate agreements (FRA)
  D. forward rate agreements (FRA)

• Question 294:

  The calculation method of the foreign exchange rates for value today or for value tomorrow outrights:

  A. is based on the interest rate differential between the two currencies
  B. is based on the same calculation method as the forward rate agreements (FRA)
  C. is based on linear interpolation
  D. is based on the calculation of compound interest rates
  A. is based on the interest rate differential between the two currencies

• Question 295:

  Which of the following are examples of "contracts for difference"?

  A. forward rate agreement (FRA) and non deliverable forward (NDF)
  B. FX Swap and interest swap
  C. spot FX deal and non deliverable forward (NDF)
  D. FX Swap and Eurocurrency deposit
  A. forward rate agreement (FRA) and non deliverable forward (NDF)

• Question 296:

  What does LIBOR stand for?

  A. London Interbank Overseas Rate
  B. London Interbank Offered Rate
  C. Lending Interbank Offered Rate
  D. Leading Interbank Basis Offered Rate
  B. London Interbank Offered Rate

• Question 297:

  Which of the following currencies is eligible for CLS settlement?

  A. ZAR
  B. TRY
  C. MYR
  D. CNY
  A. ZAR

• Question 298:

  A "turn of the month" deposit would be a transaction:

  A. value first business day of a month against last business day of the same month
  B. value last business day of a month against first business day of the next month
  C. value last business day of a month against last business day of the following month
  D. value first business day of a month against first business day of the following month
  B. value last business day of a month against first business day of the next month

• Question 299:

  How are accounting entries USUALLY generated?

  A. They are generated based on a code profile held for each product type on a time event basis.
  B. They are generated based on a code profile held for each front office staff member.
  C. They are generated based on the nature of instruments (debits = first priority / credits = second priority).
  D. They are generated in the morning at start of business when there is no direct link to other systems.
  A. They are generated based on a code profile held for each product type on a time event basis.

• Question 300:

  The organization SWIFT belongs to:

  A. the participants (users) of this system
  B. the Central Bank of Belgium
  C. the European Central Bank
  D. the IMF
  A. the participants (users) of this system