ACI 3I0-012 Online Practice Questions and Exam Preparation

ACI 3I0-012 Online Questions & Answers

• Question 141:

  You are quoting forward FX prices to a broker subject to finding a counterparly for a matching transaction. The Model Code says:

  A. You must tell the broker, who must qualify your quotes.
  B. For credit reasons, you must tell the broker when he presents a name.
  C. You cannot do this.
  D. The Model Code does not make recommendations on this subject.
  A. You must tell the broker, who must qualify your quotes.

• Question 142:

  The 180-day CAD/CHF rate is bid 62 and the 90-day CAD/CHF rate is bid 29. What is the bid rate for 120 days, assuming straight-line interpolation?

  A. 33
  B. 42
  C. 27
  D. 40
  D. 40

• Question 143:

  What is the maximum maturity of a US Treasury bill?

  A. One year
  B. 270 days
  C. 183 days
  D. 5years
  A. One year

• Question 144:

  You are quoted the following market rates:

  spot EUR/USD. 1.2250 3M (91-day) EUR 2.55% 3M (91-day) USD. 2.00%

  What is 3-month EUR/USD?

  A. 1.2232
  B. 1.2233
  C. 1.2234
  D. 1.2267
  B. 1.2233

• Question 145:

  If a 12-month AUD/NZD swap is quoted 53/47, which of the following statements would you consider to be correct?

  A. 12-month AUD rates are higher than 12-month NZD rates
  B. 12-month AUD rates are lower than 12-month NZD rates
  C. Spot AUD/NZD will be higher by approximately 50 points in 12 months
  D. The AUD yield curve is positive, whilst the NZD curve is negative
  A. 12-month AUD rates are higher than 12-month NZD rates

• Question 146:

  A payer's 3-month USD LIBOR swap with a remaining term of five years must be reported as:

  A. a five-year liability and a three-month asset
  B. a five-year asset and a three-month liability
  C. a five-year asset only
  D. a three-month liability only
  A. a five-year liability and a three-month asset

• Question 147:

  A dealer has indicated his intention of assigning an interest rate swap to a third party soon after transacting that swap. When about to execute an assignment A. The dealer is entitled to provide the name of the original counterparty to the assignee.

  B. The dealer is entitled to provide the name of the assignee to the original counterparty.
  C. The dealer should seek the permission of the assignee before releasing the name to the original counterparty.
  D. The dealer should seek the permission of the original counterparty before releasing the name to the assignee.
  C. The dealer should seek the permission of the assignee before releasing the name to the original counterparty.

• Question 148:

  You quote a customer a spot cable 1.6050-55 in USD 3,000,000.00. If they sell USD to you, how much GBP will you be short of?

  A. 4,816,500.00
  B. 1,869,158.88
  C. 1,868,57677
  D. 4,815,000.00
  C. 1,868,57677

• Question 149:

  You are quoted the following market rates:

  Spot EUR/USD 1.3010 6M (181-day) EUR 0.30% 6M (181-day) USD 0.50%

  What is 6-month EUR/USD?

  A. 1.2993
  B. 1.3023
  C. 1.3141
  D. 1.4323
  B. 1.3023

• Question 150:

  Which of the following methods is a means of credit risk mitigation?

  A. entering into a plain vanilla IRS
  B. entering into collateral agreements
  C. hedging a portfolio's USD exposure
  D. investing only in sizeable and liquid markets
  B. entering into collateral agreements