File Info
| Exam | ACI DEALING CERTIFICATE |
| Number | 3i0-008 |
| File Name | ACI.3i0-008.SelfTestEngine.2019-03-15.304q.vcex |
| Size | 186 KB |
| Posted | Mar 15, 2019 |
| Download | ACI.3i0-008.SelfTestEngine.2019-03-15.304q.vcex |
How to open VCEX & EXAM Files?
Files with VCEX & EXAM extensions can be opened by ProfExam Simulator.
Coupon: MASTEREXAM
With discount: 20%
Demo Questions
Question 1
Click on the Exhibit Button to view the Formula Sheet. Which of the following are transferable instruments?
- Eurocertificate of deposit
- US Treasury bill
- CP
- All of the above
Correct answer: D
Question 2
Click on the Exhibit Button to view the Formula Sheet. Bank A pays for EURO 5 m at 1.1592. Bank B offers EURO 10 m at 1.1597. Broker XYZ quotes to the market EURO / USD 1.1592/97. Bank C takes the offer at 97. The broker is obliged to reveal:
- The name of Banks A and B.
- The name of Bank B only.
- The amount that was bid but not the name of Bank A
- None of the above
Correct answer: B
Question 3
Click on the Exhibit Button to view the Formula Sheet. Which of the following statements reflects the Model Code on gambling or betting amongst market participants?
- Gambling and betting between market participants s
- Gambling and betting between market participants c
- Gambling and betting between market participants s
- All of the above.
Correct answer: A
Question 4
Click on the Exhibit Button to view the Formula Sheet. Your are quoted the following rates: spot CHF/JPY 80.12-22 3M CHF/JPY 25.5/22.5 At what rate can you buy 3-month outright JPY against CHF?
- 79.995
- 79.965
- 79.895
- 79.865
Correct answer: D
Question 5
Click on the Exhibit Button to view the Formula Sheet. You quote a price to a broker on EUR 100 million. Your price is hit for EUR 50 million.
What does the Model Code say about this situation?
- You have a right to qualify your quotes in terms o
- You have a right to qualify your quotes in terms o
- You have a right to qualify your quotes in terms o
- You have a right to qualify your quotes in terms o
Correct answer: A
Question 6
Click on the Exhibit Button to view the Formula Sheet. Written confirmation is a function that can be done by:
- Any dealer as long as he/she is not a party to the
- Staff in the back-office.
- Staff in the dealing room who are not dealing.
- Any staff outside the dealing room.
Correct answer: B
Question 7
Click on the Exhibit Button to view the Formula Sheet. A forward-forward loan creates an exposure to the risk of:
- Higher interest rates
- Lower interest rates
- Steepening yield curve
- Parallel shift downwards in the yield curve
Correct answer: A
Question 8
Click on the Exhibit Button to view the Formula Sheet. What is meant by "short dates"?
- Maturities of less than one week.
- Maturities of less than one month.
- Maturities of less than one year.
- Maturities in the same calendar month.
Correct answer: B
Question 9
Click on the Exhibit Button to view the Formula Sheet. What is the Gold Offered Forward Rate?
- The price differential between spot and forward go
- The rate at which dealers will lend gold against U
- The implied forward price of gold
- The price of gold for forward delivery
Correct answer: B
Question 10
Click on the Exhibit Button to view the Formula Sheet. Confirmations should be sent out by both counterparties through an efficient and secure means of communication, preferably electronic:
- Within 24 hours of the deal.
- Within two business days of the deal.
- Before the value date.
- As soon as possible.
Correct answer: D
