ACI 3I0-012 Online Practice Questions and Exam Preparation

ACI 3I0-012 Online Questions & Answers

• Question 311:

  You have bought a 93-day US Treasury bill at 5.63%. What is the true yield?

  A. 5.71%
  B. 5.69%
  C. 5.72%
  D. 5.62%
  A. 5.71%

• Question 312:

  A CD with a face value of USD 50 million and a coupon of 4.50% was issued at par for 90 days and is now trading at 4.50% with 30 days remaining to maturity. What has been the capital gain or loss since issue?

  A. +USD 373,599.00
  B. 鱑SD 186,099.00
  C. -USD 1,400.99
  D. Nil
  C. -USD 1,400.99

• Question 313:

  When dealing with a fund manager, who will allocate shares in a transaction to his unknown clients after the transaction has been executed with you, you should:

  A. Agree in writing with the fund manager that the allocation will be confirmed as soon as practicable after the transaction is executed.
  B. Insist on the allocation being made and confirmed before the transaction is executed.
  C. Agree in writing with the fund manager that he will guarantee the transaction until the allocation is confirmed.
  D. Any of the above.
  A. Agree in writing with the fund manager that the allocation will be confirmed as soon as practicable after the transaction is executed.

• Question 314:

  What is meant by "turn of the month"?

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

• Question 315:

  Dealers should not conduct dealing activities outside the bank unless:

  A. Clear written guidelines issued by management are in place.
  B. They are in an approved brokers office.
  C. There are on holiday.
  D. None of the above.
  A. Clear written guidelines issued by management are in place.

• Question 316:

  The forward points are calculated using:

  A. The level of interest rates in the base currency
  B. The level of interest rates in the quoted currency
  C. The interest rates in the two currencies
  D. Your expectations of the future spot rate
  C. The interest rates in the two currencies

• Question 317:

  What should be done if a broker fails to conclude a transaction at the quoted price and the dealer has to accept a lesser quote to neutralize his risk?

  A. `stuff' the broker and insist on a replacement name at the original price
  B. accept a bank transfer compensation payment in favour of the bank or adjustment to brokerage bills
  C. refuse any sort of compensation from the broker for the amount concerned
  D. acknowledge the excuses of the broker and accept his offer of entertainment in compensation for the failed transaction
  B. accept a bank transfer compensation payment in favour of the bank or adjustment to brokerage bills

• Question 318:

  Under Basel Securitization rules the highest potential risk weight is:

  A. 350%
  B. 750%
  C. 1250%
  D. 1500%
  C. 1250%

• Question 319:

  You buy a 181-day 2.75% CD with a face value of USD 1,500,000.00 at par when it is issued. You sell it in the secondary market after 150 days at 2.60%. What is your holding period yield?

  A. 2.60%
  B. 2.75%
  C. 2.775%
  D. 2.813%
  C. 2.775%

• Question 320:

  A Eurodollar futures price of 99.685 implies:

  A. A forward-forward rate of 0.685%
  B. A forward-forward rate of 0.315%
  C. Current 3-month LIBOR of 0.6850%
  D. Current 3-month LIBOR of 0.3150%
  B. A forward-forward rate of 0.315%