ACI 3I0-012 Online Practice Questions and Exam Preparation

ACI 3I0-012 Online Questions & Answers

• Question 81:

  What is the ISO code for silver?

  A. XAU
  B. XAG
  C. XPT
  D. XPD
  B. XAG

• Question 82:

  The risk associated with a stock or a bond that is not correlated with events in the market is known as:

  A. interest rate risk
  B. model risk
  C. currency risk
  D. specific risk
  D. specific risk

• Question 83:

  Management has a specific responsibility to issue guidelines to staff on transacting after-hours and off- premises. Which of the following does the Model Code suggest?

  A. Dealing should only be allowed during normal trading hours.
  B. It is not recommended that an unofficial close of business be specified for each trading day.
  C. There should be clear written guidelines regarding the limit and type of deals that are permitted after normal hours or off-premises.
  D. All after-hours and off-premises transactions must be dealt exclusively with the dealer's personal mobile phones
  C. There should be clear written guidelines regarding the limit and type of deals that are permitted after normal hours or off-premises.

• Question 84:

  What is the Overnight Index for EUR?

  A. EURIBOR
  B. EONIA
  C. EUREPO
  D. EURONIA
  B. EONIA

• Question 85:

  When using legal documentation proposed modifications:

  A. Should be documented as soon as possible after a deal is done.
  B. Should be clearly stated before a deal.
  C. Can be agreed verbally.
  D. Are not permissible.
  B. Should be clearly stated before a deal.

• Question 86:

  You quote your customer EUR/USD 1.3070-73, However they need the rate quoted in EUR per USD. What do you quote?

  A. 1.3073-70
  B. 0.7651-49
  C. 0.7646-49
  D. 0.7649-51
  D. 0.7649-51

• Question 87:

  Under Basel III rules the meaning of RSF is:

  A. Reviewed Supervisory Factor
  B. Required Stable Funding
  C. Riskless Stable Funding
  D. Riskless Supervised Funding
  B. Required Stable Funding

• Question 88:

  Which of the following is true?

  A. The Euronext.LIFFE short sterling futures contract has a tick value of GBP 12.50 and a face value of GBP 1,000,000
  B. The Euronext.LIFFE JPY futures contract has a tick value of JPY 2,500 and a face value of JPY 1,000,000,000
  C. The CME eurodollar futures contract has a minimum price interval of one-quarter tick(0.0025) for the nearest contract
  D. All of the above
  C. The CME eurodollar futures contract has a minimum price interval of one-quarter tick(0.0025) for the nearest contract

• Question 89:

  What is the correct interpretation of a EUR 2,000,000.00 overnight VaR figure with a 97% confidence level?

  A. A loss of at least EUR 2,000,000.00 can be expected in 97 out of the next 100 days.
  B. A loss of at most EUR 2,000,000.00 can be expected in 3 out of the next 100 days.
  C. A loss of at least EUR 2,000,000.00 can be expected in 3 out of the next 100 days.
  D. A loss of at most EUR 2,000,000.00 can be expected in 6 out of the next 100 days.
  C. A loss of at least EUR 2,000,000.00 can be expected in 3 out of the next 100 days.

• Question 90:

  Confirmations of non-prime brokerage deals using CLS should be exchanged:

  A. within 2 hours after deal agreed with counterparty
  B. before the value date of the trade
  C. by the end of the trade date
  D. within 24 hours
  A. within 2 hours after deal agreed with counterparty