ACI 3I0-012 Online Practice Questions and Exam Preparation

ACI 3I0-012 Online Questions & Answers

• Question 691:

  When do bank participants have a duty to make absolutely clear whether the prices they are quoting are firm or merely indicative?

  A. only if they are dealing with brokers
  B. only if dealing on an e-trading platform
  C. only if they are dealing in non-marketable amounts
  D. always
  D. always

• Question 692:

  The market is quoting: 3-month (90-day) NZD 2.55% 6-month (182-day) NZD 2.75%

  What is the 3x6 rate in NZD?

  A. 2.338%
  B. 2.650%
  C. 2.927%
  D. 2.992%
  C. 2.927%

• Question 693:

  EUR/USD is 1.3080-83 and EUR/CHF is 1.2160-63. What price would you quote to a customer who wishes to sell CHF against USD?

  A. 1.0759
  B. 0.9299
  C. 1.5909
  D. 0.9295
  B. 0.9299

• Question 694:

  Are the forward points materially affected by changes in the spot rate?

  A. never
  B. Only for very large movements and longer terms
  C. always
  D. spot is the principal influence
  B. Only for very large movements and longer terms

• Question 695:

  Lending for 3 months and borrowing for 6 months creates a 3x6 forward-forward deposit. The cost of that deposit is called:

  A. Break-even rate
  B. Implied rate
  C. Forward-forward rate
  D. All of the above
  D. All of the above

• Question 696:

  A CD with a face value of USD 250,000,000.00 was issued at par with a coupon of 5% for 91 days.

  You buy it in the secondary market when it has 30 days remaining to maturity and is trading at 5.25%. How much do you pay?

  A. USD 252,056,972.97
  B. USD 252,028,916.32
  C. USD 250,000,000.00
  D. USD 248,911,014.31
  A. USD 252,056,972.97

• Question 697:

  Supervisors would generally consider interest rate risk exposure in the banking book excessive beginning at what level of losses given a +1- 200 bps market rate movement?

  A. > 2% of 6 months forward earnings
  B. > 20% of regulatory capital
  D. < 5% of 12 months forward earnings
  B. > 20% of regulatory capital

• Question 698:

  A customer gives you GBP 25,000,000.00 at 0.625% same day for 7 days.

  Through a broker, you place the funds with a bank for the same period at 0.6875%.

  Brokerage is charged at 2 basis points per annum.

  What is the net profit or loss on the deal?

  A. ProfitofGBP 299.66
  B. Profit of GBP 203.77
  C. LossofGBP299.66
  D. Loss ofGBP 203.77
  B. Profit of GBP 203.77

• Question 699:

  Which of the following is sometimes called two-name paper?

  A. ECP
  B. BA or bank bill
  C. Treasury bill
  D. CD
  B. BA or bank bill

• Question 700:

  Which of the following currencies is quoted on an ACT/360 basis in the money market?

  A. SGD
  B. PLN
  C. GBP
  D. NZD
  D. NZD