ACI 3I0-012 Online Practice Questions and Exam Preparation

ACI 3I0-012 Online Questions & Answers

• Question 621:

  The market is quoting:

  1-month (31-day) NOK 1.75°k 3-month (91-day) NOK 2.05% What is the 1x3 rate in NOK?

  A. 4.261%
  B. 2.202%
  C. 1.900%
  D. 1.592%
  B. 2.202%

• Question 622:

  Which of the following is required for institutions acting as prime brokers?

  A. They must remain neutral and stay out of disputes between their customers.
  B. They must rely on the execution venue to resolve disputes.
  C. They must delegate the resolution of broken trades downstream to their clients.
  D. They must take responsibility for the swift resolution of any disputes.
  D. They must take responsibility for the swift resolution of any disputes.

• Question 623:

  You are quoted the following rates:

  Spot cable1.5340-43 0/N cable swap0.14/0.11 T/N cable swap0.16/0.13 S/N cable swap0.43/0.37

  At what rate can you buy cable for value tomorrow?

  A. 1.534284
  B. 1.534316
  C. 1.534287
  D. 1.534313
  B. 1.534316

• Question 624:

  An option premium is a positive function of:

  A. Time to expiry
  B. The volatility of the price of the underlying commodity
  C. The moneyness of the option
  D. All of the above
  D. All of the above

• Question 625:

  Which of the following may pay a return as a mix of income and capital/gain loss?

  A. CD
  B. Interbank deposit
  C. Classic repo
  D. Treasury bill
  A. CD

• Question 626:

  You have taken 3-month deposits of EUR 10,000,000.00 at 0.60%, EUR 5,000,000.00 at 0.40% and EUR 5,000,000.00 at 0.50%. What is the average rate of your long position?

  A. 0.525%
  B. 0.45%
  C. 0.75%
  D. 0.375%
  A. 0.525%

• Question 627:

  Where dealing through an intermediary with an unidentified principal, the Model Code recommends:

  A. It is good practice for compliance, legal or credit functions to identity counterparties before the execution of a deal.
  B. Management should have in place a clearwritten policy and procedures governing such transactions.
  C. Management needs to be aware of the risks involved, particularly with respect to credit exposure and money laundering.
  D. All of the above.
  D. All of the above.

• Question 628:

  In all dealing conversations, the Model Code strongly recommends:

  A. Dealers stick to market terminology in order to avoid the impression that they are offering an advisory or fiduciary role.
  B. Dealers clarity what is being proposed rather than using any terminology that could be misinterpreted.
  C. Dealers restrict themselves to terminology listed and explained in Chapter 11 of the Model Code.
  D. Dealers define complex terminology in the confirmation of a deal.
  B. Dealers clarity what is being proposed rather than using any terminology that could be misinterpreted.

• Question 629:

  Issues relating to the bank's liquidity management are commonly discussed in:

  A. the Asset Liability Management Committee (ALCO)
  B. the Financial Resources and Compensation Committee
  C. the Credit Committee
  D. the Federal Open Market Committee
  A. the Asset Liability Management Committee (ALCO)

• Question 630:

  Payment and settlement instructions should be passed:

  A. As quickly as possible.
  B. Within 24 hours of the transaction.
  C. Setore 10:00 am on the value date.
  D. Betore close of business on the transaction date.
  A. As quickly as possible.