ACI 3I0-012 Online Practice Questions and Exam Preparation

ACI 3I0-012 Online Questions & Answers

• Question 521:

  Which of the following are quoted in terms of a yield-to-maturity?

  A. USCP
  B. ECP
  C. Treasury bill
  D. BA
  B. ECP

• Question 522:

  You want to hedge your deposit against falling interest rates. Which of the alternatives below are appropriate for this purpose?

  A. Selling a Money Market Future and/or selling a Forward Rate Agreement
  B. Buying a Money Market Future and/or buying a Forward Rate Agreement
  C. Selling a Money Market Future and/or buying a Forward Rate Agreement
  D. Buying a Money Market Future and/or selling a Forward Rate Agreement
  D. Buying a Money Market Future and/or selling a Forward Rate Agreement

• Question 523:

  You are quoted the following market rates:

  spot EUR/CHF 1.1005 6M (180-day) EUR 3.45% 6M (180-day) CHF 1.25%

  What are the 6-month EUR/CHF forward points?

  A. +121
  B. +120
  C. -116
  D. -119
  D. -119

• Question 524:

  Click on the Exhibit Button to view the Formula Sheet. A 6-month (182-day) investment of CHF15.5 million yields a return of CHF100,000. What is the rate of return?

  A. 1.32%
  B. 1.29%
  C. 1.28%
  D. 0.65%
  C. 1.28%

• Question 525:

  Which of the following is typical of liquid assets held by banks under prudential requirements?

  A. prices increase during a systemic crisis
  B. return on investment is relatively high
  C. absence of active market makers
  D. wide bid/offer spreads
  A. prices increase during a systemic crisis

• Question 526:

  What needs to be done in the event that a trade is amended by one or both parties?

  A. A new confirmation should be generated by both parties but there is no need to restart the confirmation cycle.
  B. The amending party should verbally inform the other party.
  C. A new confirmation should be generated and the confirmation cycle should restart and continue until the trade is completely matched by both parties.
  D. A new confirmation need not be generated but the confirmation cycle must restart and continue until the trade is completely matched by both parties.
  C. A new confirmation should be generated and the confirmation cycle should restart and continue until the trade is completely matched by both parties.

• Question 527:

  Under Basel rules the risk weight for AM-rated claims on corporates in the standardized approach is:

  A. 0%
  B. 15%
  C. 20%
  D. 75%
  C. 20%

• Question 528:

  Under Basel rules, what is the meaning of EEPE?

  A. Effective Expected Potential Exposure
  B. Effective Expected Positive Exposure
  C. Effective Expected Price Earning
  D. Effective Expected Payment Exposure
  B. Effective Expected Positive Exposure

• Question 529:

  You have received a gift from a good friend who also happens to be your USD/YEN broker. Under such circumstances, the Model Code recommends that you should:

  A. Always decline gifts.
  B. Give the gift to charity.
  C. Keepthe gift.
  D. Report the gift to management.
  D. Report the gift to management.

• Question 530:

  You are quoted spot NZD/USD 0.6821-26 and USD/CHF 1.4652-56 at what price can you buy CHF against NZD?

  A. 0.9993
  B. 1.0006
  C. 1.0007
  D. 0.9994
  D. 0.9994