ACI 3I0-012 Online Practice Questions and Exam Preparation

ACI 3I0-012 Online Questions & Answers

• Question 571:

  What is the Gold Offered Forward Rate (GOFO)?

  A. the price differential between spot and forward gold prices
  B. the rate at which dealers will lend gold against US dollars
  C. the implied forward price of gold
  D. the price of gold for forward delivery
  B. the rate at which dealers will lend gold against US dollars

• Question 572:

  You have quoted a Swiss customer spot USD/CHF as 0.9273-78, but he asks you to quote it as CHF/ USD. What do you quote?

  A. 0.9278-73
  B. 1.0784-78
  C. 1.0778-84
  D. 1,0773-78
  C. 1.0778-84

• Question 573:

  Which of the following transactions would have the effect of shortening the average duration of liabilities in the banking book?

  A. selling holdings of 30-year German Government bonds
  B. replacing retail savings accounts with 3-month borrowings under repo
  C. selling futures contracts on 30-year German Government bonds
  D. placing a 20-year covered bond in the market
  B. replacing retail savings accounts with 3-month borrowings under repo

• Question 574:

  Which of the following statements is true? The repo legal agreement between the two parties concerned should:

  A. detail the rights of counterparties regarding the substitution of collateral
  B. include named securities permitted to be traded
  C. be bi-laterally signed by both dealers involved in any transaction
  D. need not be in place before any deals are executed or finalized
  A. detail the rights of counterparties regarding the substitution of collateral

• Question 575:

  Bank participants have a duty to make it clear that their prices are firm or merely indicative:

  A. Only if they are dealing with brokers.
  B. Only if they are dealing in a fast moving market.
  C. Only if the amount is not marketable.
  D. At all times.
  D. At all times.

• Question 576:

  For which country's currency is SEK the ISO code?

  A. South Korea
  B. Sri Lanka
  C. Slovakia
  D. Sweden
  D. Sweden

• Question 577:

  How much is one big figure worth per million of base currency if EUR/GBP is 0.8990?

  A. GBP 10,000.00
  B. EUR 10,000.00
  C. GBP 8,990.00
  D. EUR 8,990.00
  A. GBP 10,000.00

• Question 578:

  You have just sold USD 5,000,000.00 spot against JPY. What type of risk does not apply?

  A. Market risk
  B. Settlement risk
  C. Basis risk
  D. Credit risk
  C. Basis risk

• Question 579:

  Which of the following rates represents the highest investment yield in the Euromarket?

  A. Semi-annual bond yield of 3.75%
  B. Annual bond yield of 3.75%
  C. Semi-annual money market yield of 3.75%
  D. Annual money market rate of 3.75%
  C. Semi-annual money market yield of 3.75%

• Question 580:

  The two-week repo rate for the 5.25% Bund 2014 is quoted to you at 3.33-38%. You agree to reverse in bonds worth EUR 266,125,000.00 with no initial margin. You would earn repo interest of:

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