ACI 3I0-012 - ACI Dealing Certificate Exam
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Total 740 questions
Question #6 (Topic: Topic 1)
You have taken 3-month deposits of EUR 10,000,000.00 at 0.60%, EUR 5,000,000.00 at
0.40% and EUR 5,000,000.00 at 0.50%.
What is the average rate of your long position?
0.40% and EUR 5,000,000.00 at 0.50%.
What is the average rate of your long position?
A. 0.525%
B. 0.45%
C. 0.75%
D. 0.375%
Answer: A
Question #7 (Topic: Topic 1)
Voice-brokers in spot FX act as:
A. Proprietary traders
B. Market-makers
C. Matched principals
D. Agents
Answer: D
Question #8 (Topic: Topic 1)
Under Basel rules, what is the meaning of EEPE?
A. Effective Expected Potential Exposure
B. Effective Expected Positive Exposure
C. Effective Expected Price Earning
D. Effective Expected Payment Exposure
Answer: B
Question #9 (Topic: Topic 1)
You are quoted the following market rates:
Spot GBP/USD 1.5525
9M (272-day) GBP 0.81%
9M (272-day) USD 0.55%
What are the 9-month GBP/USD forward points?
Spot GBP/USD 1.5525
9M (272-day) GBP 0.81%
9M (272-day) USD 0.55%
What are the 9-month GBP/USD forward points?
A. -30
B. +29
C. -29
D. +30
Answer: C
Question #10 (Topic: Topic 1)
Which one of the following statements is incorrect? Hedge accounting of an existing
position no longer applies when:
position no longer applies when:
A. the trader acquires additional exposure in the hedged item.
B. the hedging instrument is sold, terminated or exercised.
C. the hedged item is sold or settled.
D. a hedge fails the effectiveness test.
Answer: A
