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3I0-012 Exam Dumps : ACI Dealing Certificate

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ACI Dealing Certificate Questions and Answers

Question 1

What does the Model Code say about omitting the “big figure” in voice communication?

Options:

A.

The “big figure” should not be included in outright quotations.

B.

In order to avoid misunderstandings, the “big figure” should not be mentioned when repeating the details (facts/rates) of the deal.

C.

For the sake of brevity and efficiency, “big figures” should never be quoted at all in spot FX trading.

D.

The Model Code recommends that the “big figure” be included in all outright and spot FX quotations.

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Question 2

What is the effect of netting?

Options:

A.

To reduce the number and size of payments and transfers

B.

To reduce exposure to credit risk

C.

To reduce the size of the balance sheet

D.

All of the above

Question 3

A US security yields 7% on an annually-compounded bond basis. What is the equivalent annually- compounded money market yield?

Options:

A.

7.09%

B.

7.03%

C.

6.90%

D.

6.95%