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3I0-012 Exam Dumps - ACI-Financial Questions and Answers

Question # 4

What is the probability of an ‘at-the-money’ option being exercised?

Options:

A.

Less than 50% probability

B.

50% probability

C.

More than 50% probability

D.

Zero probability

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Question # 5

Which is the day count/annual basis convention for SGD money market deposits?

Options:

A.

ACT/365

B.

ACT/360

C.

ACT/ACT

D.

30E/360

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Question # 6

A forward-forward lender has an exposure to the risk of:

Options:

A.

Higher interest rates

B.

Lower interest rates

C.

Flattening yield curve

D.

Parallel shift downwards in the yield curve

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Question # 7

The one-month (31-day) GC repo rate for French government bonds is quoted to you at 3.75- 80%. As collateral, you are offered EUR 25,000,000.00 nominal of the 5.5% OAT April 2012, which is worth EUR 28,137,500.00.

The Repurchase Price is:

Options:

A.

EUR 28,228,360.69

B.

EUR 28,229,572.15

C.

EUR 25,080,729.18

D.

EUR 25,081,805.55

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Question # 8

Automated trading systems for interbank spot FX display the best prices entered into the systems by users and:

Options:

A.

Display the names of those users along their prices

B.

Offer pre-trade anonymity to users quoting prices

C.

Offer pre and post-trade anonymity to users quoting prices

D.

Offer users the choice of whether to remain anonymous

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Question # 9

What is an FX swap?

Options:

A.

An exchange ot two streams of interest payments in different currencies and an exchange of the principal amounts of those currencies at maturity

B.

A spot sale (purchase) and a forward purchase (sale) of two currencies agreed simultaneously between two parties

C.

An exchange of currencies on a date beyond spot and at a price fixed today

D.

None of the above

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Question # 10

If 6-month USD/CAD forward rates are quoted at 40/45, which of the following statements is correct?

Options:

A.

USD rates are higher than CAD rates in the 6-month

B.

CAD rates are higher than USD rates in the 6-month

C.

There is a positive USD yield curve

D.

There is not enough information to decide

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Question # 11

With reference to dealing periods, what does the term “short dates” refer to?

Options:

A.

overnight, tom-next and spot-next

B.

maturities up to one week

C.

maturity dates of less than one month

D.

maturity dates of less than 10 days

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Question # 12

As far as fineness and weight are concerned, what are the London Bullion Market Association (LBMA) requirements for a “good delivery bar”?

Options:

A.

at least 995/1000 pure gold; weight between 350 and 430 fine ounces

B.

minimum 999.9/1000 pure gold; weight between 350 and 430 fine ounces

C.

at least 995/1000 pure gold; weight of 400 fine ounces

D.

minimum 995/1000 pure gold; weight of 400 fine ounces

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Question # 13

Assuming a flat yield curve in both currencies, when quoting a 1- to 2-month forward FX time option price in a currency pair trading at a discount to a customer:

Options:

A.

you would take as bid rate the bid side of the 2-month forward and as offered rate the offered side of the 1-month forward

B.

you would take as bid rate the offered side of the 2-month forward and as offered rate the bid side of the 1-month forward

C.

you would take as bid rate the offered side of the 1-month forward and as offered rate the offered side of the 2-month forward

D.

you would take as bid rate the bid side of the 1-month forward and as offered rate the bid side of the 2-month forward

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Exam Code: 3I0-012
Exam Name: ACI Dealing Certificate
Last Update: Feb 22, 2025
Questions: 740
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