ACI 3I0-012 Online Practice Questions and Exam Preparation

ACI 3I0-012 Online Questions & Answers

• Question 561:

  What is the ISO code for the Argentine peso?

  A. ARP
  B. ARS
  C. ARA
  D. AED
  B. ARS

• Question 562:

  The delta of an `at-the-money' long put option is:

  A. Between -0.5 and -1
  B. -0.5
  C. Between +0.5 and +1
  D. +0.5
  B. -0.5

• Question 563:

  You buy a 30-day 4% CD with a face value of GBP 20,000,000.00 at par when it is issued. You sell it in the secondary market after 10 days at 4.05%. What is your holding period yield?

  A. 4.05%
  B. 3.891%
  C. 3.838%
  D. 1.946%
  B. 3.891%

• Question 564:

  The term "under reference" refers to:

  A. An unavailability of credit limit for the counterparty.
  B. The need to reconfirm a transaction.
  C. The unacceptability of the counterparty's name.
  D. The rate quoted is going to be revised.
  B. The need to reconfirm a transaction.

• Question 565:

  You request use of funds from your agent bank for 1 day on an amount of EUR 100,000,000.00, EONIA was 0.812% and the ECB deposit facility rate is 0.50%. What use of funds settlement amount should you expect?

  A. EUR 1,388,89
  B. EUR 1,561.11
  C. EUR 2,255.56
  D. EUR 2,951.39
  B. EUR 1,561.11

• Question 566:

  What rate should be used if the settlement date in a foreign exchange transaction is no longer a "good" date?

  A. The original rate of the transaction
  B. The original rate of the transaction adjusted by the relevant forward points
  C. The affected parties should agree to adjust the exchange rate according to the prevailing relevant forward mid swap points at the time the bank holiday is announced
  D. The rate is open to negotiation by the two parties
  C. The affected parties should agree to adjust the exchange rate according to the prevailing relevant forward mid swap points at the time the bank holiday is announced

• Question 567:

  Which of the following will tend to have the lowest yield?

  A. Interbank deposit
  B. Certificate of deposit
  C. Treasury bill
  D. BA
  C. Treasury bill

• Question 568:

  What is the probability of an at-the-money option being exercised?

  A. Less than 50% probability
  B. 50% probability
  C. More than 50% probability
  D. Zero probability
  B. 50% probability

• Question 569:

  The buyer of a currency put option has:

  A. Substantial opportunity for gain and limited risk of loss
  B. Substantial risk of loss and substantial opportunity for gain
  C. Limited risk of loss and limited opportunity for gain
  D. Substantial risk of loss and limited opportunity for gain
  A. Substantial opportunity for gain and limited risk of loss

• Question 570:

  A futures clearing house is:

  A. The buyer to each seller and the seller to each buyer
  B. A clearing agent only
  C. The self-regulatory organization for the futures exchange
  D. The owner of the futures exchange
  A. The buyer to each seller and the seller to each buyer