ACI 3I0-012 Online Practice Questions and Exam Preparation

ACI 3I0-012 Online Questions & Answers

• Question 401:

  If you take an 18-month USD deposit, when is interest payable?

  A. Quarterly
  B. At maturity
  C. Semi-annually
  D. After one year and at maturity
  D. After one year and at maturity

• Question 402:

  You are quoted the following rates:

  Spot EUR/NOK7.5250-60 O/N EUR/NOK swap 3.10/3.20 T/N EUR/NOK swap 3.12/3.22 S/N EUR/NOK swap 9.35/9.55

  At what rate can you sell EUR against NOK for value tomorrow?

  A. 7.525322
  B. 7.525312
  C. 7.524688
  D. 7.524678
  D. 7.524678

• Question 403:

  Dealers are authorized to deal: A. anywhere, even away from their own dealing premises

  B. after-hours, but only if listed as such by management
  C. after-hours, but only from their private residence
  D. away from their broker's dealing premises
  B. after-hours, but only if listed as such by management

• Question 404:

  What type of institution is the typical drawer of banker's acceptances?

  A. Credit institution
  B. Investment bank
  C. Corporate
  D. Central Bank
  A. Credit institution

• Question 405:

  When a stop-loss/profit order is taken, the rate specified in the order:

  A. must be transacted regardless of where the market moved
  B. must be transacted if a broker confirms that the specified rate was reached
  C. cannot be taken as a fixed-price guarantee unless agreed in writing
  D. will always be the stop loss rate, if the order is executed
  C. cannot be taken as a fixed-price guarantee unless agreed in writing

• Question 406:

  In case of a default on a repo by the seller:

  A. The buyer can liquidate the collateral
  B. The buyer has to liquidate the collateral
  C. The buyer cannot liquidate the collateral until the seller is declared insolvent
  D. A court is appointed to decide what happens to the collateral
  A. The buyer can liquidate the collateral

• Question 407:

  Which type of repo is the least risky for the buyer?

  A. Delivery repo
  B. HlC repo
  C. Tri-party repo
  D. There is no real difference
  A. Delivery repo

• Question 408:

  3-month USD/CHF is quoted at 12/10. Interest rates in Switzerland are reduced but USD rates (which are higher) are unchanged. What would you expect the 3-month forward USD/CHF rate to be?

  A. unchanged
  B. 15/13
  C. 10/8
  D. 6/4
  B. 15/13

• Question 409:

  Which of the following is not transferable?

  A. Euro certificate of deposit
  B. US Treasury bill
  C. CP
  D. Call deposit
  D. Call deposit

• Question 410:

  An option granted by the seller that gives the buyer the right to enter into an underlying interest rate swap transaction is ca lied:

  A. a swap
  B. a cap
  C. a swaption
  D. a collar
  C. a swaption