Download ACI.3I0-012.NewDumps.2018-05-25.440q.tqb

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Exam ACI Dealing Certificate
Number 3I0-012
File Name ACI.3I0-012.NewDumps.2018-05-25.440q.tqb
Size 2 MB
Posted May 25, 2018
Download ACI.3I0-012.NewDumps.2018-05-25.440q.tqb

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Demo Questions

Question 1

An option contract that gives the buyer the right to exercise the option at several distinct points during its life is called:


  1. European-style option
  2. American-style option
  3. Bermudan option
  4. Asian option
Correct answer: C



Question 2

When considering interest rate risk in the banking book, retail demand deposits without fixed contractual maturity:


  1. should be assumed to have zero duration
  2. should be treated like other instantly variable rate liabilities, such as overnight money market borrowing.
  3. should be assumed to have a low correlation with money market reference rates
  4. represent a minor contributor to interest rate risk and can safely be disregarded
Correct answer: C



Question 3

If the duration gap is zero, how will a small parallel shift in interest rates affect the market value of the bank’s equity?


  1. If interest rates rise, the market value of equity will increase
  2. If interest rates rise, the market value of equity will decrease
  3. The bank is immunised from changes in interest rates.
  4. The market value of equity will decrease due to an increase in interest rates
Correct answer: C



Question 4

An option contract that gives the buyer the right to exercise the option at several distinct points during its life is called:


  1. European-style option
  2. American-style option
  3. Bermudan option
  4. Asian option
Correct answer: C



Question 5

When considering interest rate risk in the banking book, retail demand deposits without fixed contractual maturity:


  1. should be assumed to have zero duration
  2. should be treated like other instantly variable rate liabilities, such as overnight money market borrowing.
  3. should be assumed to have a low correlation with money market reference rates
  4. represent a minor contributor to interest rate risk and can safely be disregarded
Correct answer: C



Question 6

If the duration gap is zero, how will a small parallel shift in interest rates affect the market value of the bank’s equity?


  1. If interest rates rise, the market value of equity will increase
  2. If interest rates rise, the market value of equity will decrease
  3. The bank is immunised from changes in interest rates.
  4. The market value of equity will decrease due to an increase in interest rates
Correct answer: C









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