ACI 3I0-010 Online Practice Questions and Exam Preparation

ACI 3I0-010 Online Questions & Answers

• Question 61:

  EURIBOR, the Euro Interbank Offered Rate is:

  A. the rate at which Euro interbank term deposits are offered by one prime bank to another prime bank published at 11.00 a.m. CET
  B. the interest reference rate for the Euro calculated daily from the rates of 16 London banks
  C. the interest reference rate for all major currencies calculated daily from the rates of panel banks from EU countries
  D. the rate at which Euro interbank term deposits are offered by prime banks to corporate published at 11.00 a.m. CET
  A. the rate at which Euro interbank term deposits are offered by one prime bank to another prime bank published at 11.00 a.m. CET

• Question 62:

  When is the final cut-off time for settlement of payment orders using the Fedwire Funds Service?

  A. 17:30 (5:30 p.m.) Eastern Standard Time (EST)
  B. 18:00 (6:00 p.m.) Eastern Standard Time (EST)
  C. 18:30 (6:30 p.m.) Eastern Standard Time (EST)
  D. 19:00 (7:00 p.m.) Eastern Standard Time (EST)
  C. 18:30 (6:30 p.m.) Eastern Standard Time (EST)

• Question 63:

  If the maturity of a straight 3-month deposit falls on a Saturday, which is also the last day of the month, what will be the final end date of this transaction?

  A. the following Monday
  B. Saturday
  C. the last business day of the month
  D. the first business day of the following month
  C. the last business day of the month

• Question 64:

  The fixing of a EUR FRA usually takes place:

  A. At the end of the FRA period
  B. When the deal is done
  C. Two business days before the start date of the FRA period
  D. On the third Monday of the contract month
  C. Two business days before the start date of the FRA period

• Question 65:

  EURIBOR is a:

  A. daily fixing of EUR interest rates within the EMU zone
  B. daily fixing of EUR interest rates in London
  C. a rate used for the settlement of USD FRAs between European counterparties
  D. the official successor to LIBOR rates
  A. daily fixing of EUR interest rates within the EMU zone

• Question 66:

  What is the replacement risk of an OTC derivative trade?

  A. the risk that there is no liquid market at the exchange to close a trade
  B. the risk that the present value of a trade will be negative one day prior to value date
  C. the risk that an OTC-derivative product cannot be closed before maturity
  D. the loss incurred if the counterparty defaults
  D. the loss incurred if the counterparty defaults

• Question 67:

  If a money market dealer considers placing a given amount at another bank, he must first of all check:

  A. the level of the prevailing market rates
  B. if the funds are available on the nostro account of the bank
  C. if they will be able to generate the outgoing payment
  D. the availability on the country limit and the credit line of his counterparty
  D. the availability on the country limit and the credit line of his counterparty

• Question 68:

  What is the main role of back office staff?

  A. to confirm the accuracy of counterparties mailing addresses
  B. to inform the central bank when a country limit is higher than a fixed level
  C. to ensure that trades are confirmed and settled correctly in accord with best market practice recommendations
  D. to be in constant contact with the counterparties front office staff
  C. to ensure that trades are confirmed and settled correctly in accord with best market practice recommendations

• Question 69:

  A USD 1 million US Treasury Bill (91 days) is offered at a discount rate of 5. 50%. The offer price will be:

  A. USD 1,000,000.00
  B. USD 986,097. 22
  C. USD 945,000.00
  D. USD 986,287. 67
  B. USD 986,097. 22

• Question 70:

  What type of documentation is recommended for repos in the international markets?

  A. An Overseas Securities Lenders Agreement
  B. A ISDA Master Repurchase Agreement
  C. A SIFMA/ICMA Global Master Repurchase Agreement
  D. An International Securities Lenders Agreement
  C. A SIFMA/ICMA Global Master Repurchase Agreement