ACI 3I0-012 Online Practice Questions and Exam Preparation

ACI 3I0-012 Online Questions & Answers

• Question 411:

  Today is Monday, 8th December. You sell a 9x12 FRA for value Thursday, 10th September next year. On what date is the settlement amount due to be paid or received (assuming that there are no holidays)?

  A. 8th September next year
  B. 10th September next year
  C. 8th December next year
  D. 10th December next year
  B. 10th September next year

• Question 412:

  How much is a big figure worth per million of base currency it EUR/GBP is 0.6990?

  A. GBP 10,000
  B. EUR 10,000
  C. GBP 6,990
  D. EUR 6,990
  A. GBP 10,000

• Question 413:

  Deliberately inputting incorrect big figures into an electronic dealing platform is:

  A. Technically impossible on electronic platforms
  B. Not an uncommon practice and something which professional dealers should be able to guard against.
  C. Not good practice.
  D. A criminal offence.
  C. Not good practice.

• Question 414:

  Three of the following non-EU countries have unilaterally adopted the Euro. Which one has not?

  A. Kosovo
  B. Andorra
  C. Albania
  D. Montenegro
  C. Albania

• Question 415:

  Which of the following is a measure of a bank's gross exposure to foreign exchange rate risk?

  A. The maturity mismatch among assets and liabilities denominated in the home and reporting currencies.
  B. The gap between variable and fixed rate assets and liabilities across all currencies.
  C. The sum of all assets in one currency minus the sum of all liabilities in that same currency.
  D. The sum of all off-balance sheet assets in one foreign currency minus the on-balance sheet equity in another currency.
  C. The sum of all assets in one currency minus the sum of all liabilities in that same currency.

• Question 416:

  Fraud is typically classified as:

  A. Credit risk
  B. Market risk
  C. Legal risk
  D. Operational risk
  D. Operational risk

• Question 417:

  In which type of repo is "double dipping" a risk?

  A. Delivery repo
  B. HIC repo
  C. To-party repo
  D. "Double dipping" is never a risk in any type of repo
  B. HIC repo

• Question 418:

  If you lend for 3 months and borrow for 6 months, you may be said to:

  A. Be over-lent
  B. Have a negative gap
  C. Be exposed to higher interest rates
  D. Be over-borrowed
  D. Be over-borrowed

• Question 419:

  The term "under reference" refers to:

  A. an unavailability of a credit limit for the counterparty
  B. a qualification stating that a transaction needs to be reconfirmed
  C. the unacceptability of the counterparty's name
  D. a qualification stating that the rate quoted may no longer be valid and requires confirmation before any trades can be agreed
  D. a qualification stating that the rate quoted may no longer be valid and requires confirmation before any trades can be agreed

• Question 420:

  Your are quoted the following rates: Spot CHF/JPY105.12-22 3M CHF/JPY 3.5/4.5

  At what rate can you buy 3-month outright JPY against CHF?

  A. 105.085
  B. 105.265
  C. 108.62
  D. 105.155
  D. 105.155