PassQuick 3I0-008 Practice Exams Description
Exam Number/Code: 3I0-008
Exam Name: ACI DEALING CERTIFICATE
VUE Code: 3I0-008
vendor:ACI
Exam Language(s): English
Certification: ACI-Financial Markets Association practice test
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Exam : ACI 3I0-008
Title : ACI DEALING CERTIFICATE
1. The 180-day GBP/USD rate is bid 62 and the 90-day GBP/USD rate is bid 29.
What is the bid rate for 120 days, assuming straight-line interpolation?
A. 33
B. 42
C. 27
D. 40
Answer: D
2. Covered interest arbitrage is possible when:
A. The low interest rate currency depreciates
B. There is a large swing in the spot rate
C. The values of the forward points and of the interest rate differential between two currencies diverge
D. The interest rate differential widens rather than narrows
Answer: C
3. Which of the following will tend to have the higher yield?
A. Treasury bill
B. Repo against Treasury bill collateral
C. They have the same yield
D. Cannot say
Answer: B
4. Four banks provide you with quotes in CHF/SEK. Which is the best price for you to buy SEK?
A. 5.5825
B. 5.5820
C. 5.5815
D. 5.5830
Answer: D
5. In case of a default on a repo by the seller:
A. The buyer can liquidate the collateral
B. The buyer has to liquidate the collateral
C. The buyer cannot liquidate the collateral until the seller is declared insolvent
D. A court is appointed to decide what happens to the collateral
Answer: A
6. Voice-brokers in spot FX are remunerated with:
A. Commission paid by both parties at rates agreed beforehand
B. A fee paid by the seller
C. Bid/offer spread
D. A share of the bid/offer spread
Answer: A
7. If EUR/USD is 1.1025-28 and the 6-month swap is 112.50/113, what is the 6-month outright price?
A. 1.1380-1.11405
B. 1.11375-1.1141
C. 1.09125-1.0915
D. None of these
Answer: B
8. EURIBOR is the:
A. Daily fixing of EUR interbank deposit rates in the European market
B. Daily fixing of EUR interbank deposit rates in the London market
C. Another name for EUR LIBOR
D. The ECBs official repo rate
Answer: A
9. What is the ISO code for platinum
A. XAU
B. XAG
C. XPT
D. XPD
Answer: C
10. Which of the following is issued by auction?
A. Treasury bill
B. CD
C. BA
D. USCP
Answer: A
11. What are the secondary market proceeds of a CD with a face value of EUR 5 million and a coupon of 3% that was issued at par for 182 days and is now trading at 3% but with only 7 days remaining to maturity?
A. EUR 4,997,085.03
B. EUR 5,000,000.00
C. EUR 5,071,086.45
D. EUR 5,072,874.16
Answer: D
12. A 1-month (30-day) USCP with a face value of USD 5 million is quoted at a rate of discount of 31%.
How much is the paper worth?
A. USD 4,884,500.00
B. USD 4,990,375.00
C. USD 4,990.506.85
D. USD 4,990,393.49
Answer: B
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