ACI 3I0-012 Online Practice Questions and Exam Preparation

ACI 3I0-012 Online Questions & Answers

• Question 361:

  Written confirmation is a function that can be done by:

  A. Any dealer as long as he/she is not a party to the trade.
  B. Staff in the back-office.
  C. Staff in the dealing room who are not dealing.
  D. Any staff outside the dealing room.
  B. Staff in the back-office.

• Question 362:

  What is the London Gold Price Fix (London Gold Fixing)?

  A. the gold price fixed twice a day to balance supply and demand in the London bullion market
  B. the gold price fixed at the end of the day in the London bullion market
  C. the gold price fixed at 11:00 am. local time in the London bullion market from a panel of gold traders
  D. the gold price fixed at 11:00 a.m. to settle gold contracts in the London bullion market
  A. the gold price fixed twice a day to balance supply and demand in the London bullion market

• Question 363:

  If EUR/USD is 1.1025-28 and the 6-month swap is 112.50/113, what is the 6-month outright price?

  A. 1.1380-1.11405
  B. 1.11375-1.1141
  C. 1.09125-1.0915
  D. None of these
  B. 1.11375-1.1141

• Question 364:

  Which of the following currencies is quoted on an ACT/365 basis for the calculation of interest on interbank deposits in London?

  A. EUR
  B. JPY
  C. HKD
  D. AUD
  C. HKD

• Question 365:

  How long does the Model Code recommend that tape recordings of dealers/brokers should be kept?

  A. At least 2 months
  B. One year
  C. Up to one month
  D. Until the maturity of the deal
  A. At least 2 months

• Question 366:

  What is the ISO code for the Indian rupee?

  A. IDR
  B. RUP
  C. INR
  D. IND
  C. INR

• Question 367:

  How is an outright forward FX transaction quoted?

  A. pared points
  B. Depends on the term
  C. Depends on whether it is interbank or to a customer
  D. Depends on the currency pair
  C. Depends on whether it is interbank or to a customer

• Question 368:

  A forward-forward lender has an exposure to the risk of:

  A. Higher interest rates
  B. Lower interest rates
  C. Flattening yield curve
  D. Parallel shift downwards in the yield curve
  A. Higher interest rates

• Question 369:

  A 30-day 4% CD with a face value of GBP 20,000,000.00 is trading in the secondary market with 20 days remaining to maturity at 4.05%. What would be your holding period yield if you bought the CD now and held it to maturity?

  A. 4.05%
  B. 4.0%
  C. 3.891%
  D. 3.838%
  B. 4.0%

• Question 370:

  If spot GBP/CHF is quoted 2.3875-80 and the 3-month forward outright is 2.3660-70, what are the forward points?

  A. 21.5/21
  B. 210/215
  C. 215/210
  D. 21/21.5
  C. 215/210