ACI 3I0-010 Online Practice Questions and Exam Preparation

ACI 3I0-010 Online Questions & Answers

• Question 81:

  If today is Wednesday, what are the value days of a spot next money market deal assuming there are no intervening bank holidays?

  A. Wednesday against Thursday
  B. Thursday against Friday
  C. Friday against Monday
  D. Monday against Tuesday
  C. Friday against Monday

• Question 82:

  A 7% bond, maturing in 10 years, is selling at 92. 00. What is its current yield?

  A. 7. 61%
  B. 6. 40%
  C. 7%
  D. the yield cannot be determined
  A. 7. 61%

• Question 83:

  Open position and exchange risk management by currency belongs to which treasury system module?

  A. the derivatives dealing and processing module
  B. standard back office features
  C. the FX spot and forward dealing input and processing module
  D. the securities trading and processing module
  C. the FX spot and forward dealing input and processing module

• Question 84:

  What are the three successive stages of money laundering?:

  A. integration, layering, placement
  B. integration, placement, layering
  C. placement, layering, integration
  D. layering, integration, placement
  C. placement, layering, integration

• Question 85:

  Who produces the London Code of Conduct?

  A. SFA
  B. the Bank of England
  C. ACI
  D. FSA
  D. FSA

• Question 86:

  An input message for the SWIFT network is composed of up to which five parts?

  A. 1. Basic header block, 2. Communication header block, 3. Currency block, 4. Text block, 5. Trailers block
  B. 1. Basic header block, 2. Application header block, 3. User header block (optional),4. Text block, 5. Trailers block
  C. 1. Sending header block, 2. Application header block, 3. User header block, 4. Text block (optional), 5. Transmission block
  D. 1. Basic header block, 2. System header block (optional), 3. User header block, 4. Text block, 5. Security block
  B. 1. Basic header block, 2. Application header block, 3. User header block (optional),4. Text block, 5. Trailers block

• Question 87:

  What financial product involves exchanging a fixed interest rate for a floating interest rate?

  A. a FX swap
  B. a repurchase agreement
  C. an interest rate swap
  D. a dual swaption
  C. an interest rate swap

• Question 88:

  Under what circumstances would you have to pay overdraft interest?

  A. if the counterparty's fees are higher than yours
  B. if your nostro account balance at the end of the month is less than the amount of fees paid
  C. If your nostro account shows a debit balance you will be charged overdraft interest on the remaining debit amount.
  D. Overdraft interest is charged if your collateral at the central bank is lower than your cash balance
  C. If your nostro account shows a debit balance you will be charged overdraft interest on the remaining debit amount.

• Question 89:

  Your dealer bought a 6x9 USD 4,000,000.00 FRA at 6. 75%. Settlement is now due and 3 months (90 days) USD LIBOR is 5. 50%. What amount do you pay or receive?

  A. receive USD 12,330.46
  B. pay USD 12,330.46
  C. pay USD 12,163. 81
  D. receive USD 12,163. 81
  B. pay USD 12,330.46

• Question 90:

  A message received but not accepted by SWIFT will be acknowledged with:

  A. BAK
  B. ACK
  C. PAC
  D. NAK
  D. NAK