ACI 3I0-012 Online Practice Questions and Exam Preparation

ACI 3I0-012 Online Questions & Answers

• Question 281:

  The Model Code is clear on "position parking". What does it say?

  A. The parking of deals or positions with any counterparty is discouraged B. The parking of deals or positions with any counterparty should be forbidden
  B. The parking of deals or positions should be subject to a clear policy laid down in writing by senior management
  C. In jurisdictions where position parking is allowed, prior approval should be sought from the regulator
  B. The parking of deals or positions should be subject to a clear policy laid down in writing by senior management

• Question 282:

  What should a dealer say to express his commitment to putting an additional bid or offer at a current bid or offer price already quoted by his broker?

  A. same way"
  B. me too"
  C. "par", or "parity"
  D. "join at", or "support at"
  D. "join at", or "support at"

• Question 283:

  In the unforeseen event that a particular maturity date is declared a public holiday, what is normal market practice for spot FX?:

  A. Extend the contract to the next business day
  B. Shorten the contract to the previous business day
  C. A new maturity date has to be agreed by the two parties involved
  D. ACI's Committee for Professionalism decides on a case by case basis
  A. Extend the contract to the next business day

• Question 284:

  If EUR/USD is quoted to you as 1.3050-53, does this price represent?

  A. The number of EUR per USD
  B. The number of USD per EUR
  C. Depends on whether the price is being quoted in Europe or the US
  D. Depends on whether the price is being quoted interbank or to a customer
  B. The number of USD per EUR

• Question 285:

  Which of the following are transferable instruments?

  A. Eurocertificate of deposit
  B. US Treasury bill
  C. CP
  D. All of the above
  D. All of the above

• Question 286:

  What is the name of the reference against which most USD and JPY deposits and loans are fixed in London?

  A. EURIBOR
  B. EONIA
  C. LIBOR
  D. SONIA
  C. LIBOR

• Question 287:

  Which of the following pays a return in the form of a discount to face value?

  A. Treasury bill
  B. CD
  C. Interbank deposit
  D. Classic repo
  A. Treasury bill

• Question 288:

  Which SWIFT message should be used to advise the netting position of a currency resulting from FX, NDF, options and other trades?

  A. MTn99
  B. MT300
  C. MT370
  D. MT670/671
  C. MT370

• Question 289:

  The Model Code rules that deals at non-current rates:

  A. Are forbidden.
  B. Require prior regulatory approval.
  C. Require the prior express permission of the senior management of both counterparties.
  D. Should be marked to market daily.
  C. Require the prior express permission of the senior management of both counterparties.

• Question 290:

  What is the principal risk identified by gap management reporting?

  A. Currency risk
  B. Interest rate risk
  C. Operational risk
  D. Credit risk
  B. Interest rate risk