ACI 3I0-012 Online Practice Questions and Exam Preparation

ACI 3I0-012 Online Questions & Answers

• Question 461:

  The one-month (31-day) GC repo rate for French government bonds is quoted to you at 3.75- 80%. As collateral, you are offered EUR 25,000,000.00 nominal of the 5.5% OAT April 2012, which is worth EUR 28,137,500.00. The Repurchase Price is:

  A. EUR 28,228,360.69
  B. EUR 28,229,572.15
  C. EUR 25,080,729.18
  D. EUR 25,081,805.55
  A. EUR 28,228,360.69

• Question 462:

  If spot AUD/USD is quoted to you as 0.7406-09. How many AUD would you receive in exchange for USD 5,000,000 if you dealt on the price?

  A. 3,704,500
  B. 6,748,549
  C. 3,703,000
  D. 6,751,283
  B. 6,748,549

• Question 463:

  Spot cable is quoted at 1.6048-53 in the brokers and you quote a customer 1.6050-55 in USD 3 million, If they sell USD to you, how much GSP will you be short of?

  A. 4,816,500.00
  B. 1,868,809.57
  C. 1.868,576.77
  D. 4,815,900.00
  C. 1.868,576.77

• Question 464:

  If spot AUD/USD is quoted to you as 1.0420-25 and 1-month forward AUD/USD is quoted to you as 28/23, at what rate can you buy USD 1-month outright?

  A. 1.0448
  B. 1.0402
  C. 1.0397
  D. 1.0392
  D. 1.0392

• Question 465:

  A CD with a face value of USD 50,000,000.00 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. +USD 186,099.00
  C. -USD 1,400.99
  D. Nil
  C. -USD 1,400.99

• Question 466:

  In interbank trading, if a dealer is calling "off" at the same time as the broker is hitting a price:

  A. no transaction should be concluded and the broker should inform both counterparties accordingly
  B. a transaction should be concluded and the broker should inform both counterparties accordingly
  C. the dealer has the choice of either concluding the transaction or not
  D. the broker decides whether the transaction should be concluded or not
  B. a transaction should be concluded and the broker should inform both counterparties accordingly

• Question 467:

  You borrow GBP 2,500,000.00 at 0.625% for 165 days. How much do you repay including interest?

  A. GBP 2,507,161.46
  B. GBP 2,507,063.36
  C. GBP 2,507,006.85
  D. GBP 2,507,106.16
  B. GBP 2,507,063.36

• Question 468:

  For which of the following reasons is the extension of forward contracts at non-current rates is discouraged:

  A. These could be used to conceal profit or losses. ii. These could be used to perpetrate fraud. iii. These could result in an unauthorised extension of credit. iv. These could result in confusing settlement instructions.
  B. (i), (ii), (iii), and (iv).
  C. (i), (ii) and (iii).
  D. (i) and (iii).
  E. none of the above.
  B. (i), (ii), (iii), and (iv).

• Question 469:

  Mark-to-market' in a repo means:

  A. Revaluing collateral versus cash
  B. Revaluing collateral
  C. Calculating net present value
  D. Calculating the net replacement cost
  A. Revaluing collateral versus cash

• Question 470:

  What criteria define a market-maker?

  A. He will only quote to brokers
  B. He will quote choice prices on request
  C. He will only quote two-way prices to brokers
  D. He will quote two-way prices for marketable amounts on request
  D. He will quote two-way prices for marketable amounts on request