ACI 3I0-010 Exam Questions Instant Access

Question 1

Minimum reserves at the European Central Bank are:

Anot remunerated

Bremunerated at the marginal lending facility rate minus 2%

Cremunerated at the rate of the deposit facility

Dremunerated at the main refinancing rate

Answer : D

Question 2

A yield curve can be drawn for a wide variety of financial instruments. The most widely analysed yield curves are those for benchmark instruments such as:

Aconsumption and inflation levels

Bmoney market rates and government bonds

Cmortgage rates

Dcommodities

Answer : B

Question 3

An American-style option is:

Aan option traded in USD

Ban option which can be exercised at any time between the purchase and expiration date

Can option based on any US dollar instrument

Dan option which can be exercised only at maturity

Answer : B

Question 4

What information is essential for an interbank FX confirmation?

Aspecification of the applicable law

Bthe value date

Cthe brokerage cost

Dthe name of the person(s) originating the deal

Answer : B

Question 5

A dealer belongs to:

Athe money laundering staff

Bthe middle office staff

Cthe front office staff

Dthe back office staff

Answer : C

Question 6

A counterparty pays your bank USD 10,000,000.00 5 days late requiring you to pay overdraft charges of 8% p.

a. What expenses would you claim from the counterparty in GBP at an exchange rate of 1.6000?

AGBP 6,944.44

BGBP 7,944.44

CGBP 17,777.77

DGBP 6,849.32

Answer : A

Question 7

The standard benchmark measure used for the cost of funds in the London Market is:

ALIBID

BBase Rate

CLIBOR

DLIMEAN

Answer : C

ACI Operations Certificate 3I0-010 Exam Questions