ACI 3I0-012 Online Practice Questions and Exam Preparation

ACI 3I0-012 Online Questions & Answers

• Question 431:

  The market is quoting:

  1-month (30-day) GBP 0.47% 7-month (213-day) GBP 0.74% What is the 1x7 rate in GBP?

  A. 0.7956%
  B. 0.7946%
  C. 0.7840%
  D. 0.7732%
  A. 0.7956%

• Question 432:

  What does the Model Code say about omitting the "big figure" in voice communication?

  A. The "big figure" should not be included in outright quotations.
  B. In order to avoid misunderstandings, the "big figure" should not be mentioned when repeating the details (facts/rates) of the deal.
  C. For the sake of brevity and efficiency, "big figures" should never be quoted at all in spot FX trading.
  D. The Model Code recommends that the "big figure" be included in all outright and spot FX quotations.
  D. The Model Code recommends that the "big figure" be included in all outright and spot FX quotations.

• Question 433:

  The extension of forward FX contracts at their historic rates is only allowed when:

  A. Prior management approval has been sought.
  B. They are executed within six months.
  C. They are extended for not more than one year.
  D. All of the above.
  A. Prior management approval has been sought.

• Question 434:

  In foreign exchange markets, the first currency in a currency pair is:

  A. The quoted currency
  B. The base currency
  C. The counter currency
  D. The terms currency
  B. The base currency

• Question 435:

  What are IMM dates?

  A. The 10th of March, June, September and December.
  B. The third Wednesdays of January, April, July and October.
  C. The Mondays before the third Wednesdays of March, June, September and December.
  D. The third Wednesdays of March, June, September and December.
  D. The third Wednesdays of March, June, September and December.

• Question 436:

  Confirmations should be sent out by both counterparties through an efficient and secure means of communication, preferably electronic:

  A. Within 24 hours of the deal.
  B. Within two business days of the deal.
  C. Before the value date.
  D. As soon as possible.
  D. As soon as possible.

• Question 437:

  Which of the following statements is correct?

  A. An adjusted settlement amount is paid at the end of the FRA contract period that includes reinvestment interest for late payment
  B. An unadjusted settlement amount is paid at the end of the FRA contract period
  C. An adjusted settlement amount is paid at the start of the FRA contract period that is discounted for early payment
  D. An unadjusted settlement amount is paid at the start of the FRA contract period
  C. An adjusted settlement amount is paid at the start of the FRA contract period that is discounted for early payment

• Question 438:

  The two-week repo rate br the 5.25% bund 2007 is quoted to you at 3.33-38%. You agree to reverse in bonds worth EUR 266,125,000 with no initial margin. You would earn repo interest ot

  A. EUR 349,806
  B. EUR 344,632
  C. EUR 319,315
  D. EUR 324,110
  B. EUR 344,632

• Question 439:

  What is the ISO code for the currency of Hungary?

  A. HUG
  B. HKD
  C. HRN
  D. HUF
  D. HUF

• Question 440:

  Which of the following does the Model Code mention with regards to recording telephone conversations?

  A. There is no need to inform new counterparties and clients that conversations will be recorded.
  B. It is normal practice that tapes and other records should be kept for at least twelve months.
  C. The periods for which tapes and other records should be retained should reflect the way in which the terms and conditions of transactions have been agreed, and the duration of transactions.
  D. Dealers and other staff are reminded that telephones and electronic text messaging systems in the firm are intended for business and private use and that conversations and exchanges of text messages should be conducted in a casual manner.
  C. The periods for which tapes and other records should be retained should reflect the way in which the terms and conditions of transactions have been agreed, and the duration of transactions.