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3I0-012 Exam Dumps : ACI Dealing Certificate

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ACI Dealing Certificate Questions and Answers

Question 1

Regarding access to production systems, which of the following is incorrect?

Options:

A.

Profiles for functions are encouraged and should be reviewed semi-annually by a manager.

B.

Developers should have unrestricted access to production systems.

C.

Access to production systems should be rigorously controlled.

D.

Users should not have access to change system functionalities.

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Question 2

All other things being equal, if a bank borrows short and lends long what is the effect on the liquidity risk of the bank?

Options:

A.

positive

B.

changes only when interest rates levels are high

C.

negative

D.

changes only when interest rates levels are low

Question 3

An ‘at-the-money’ call option:

Options:

A.

Costs more than an ‘in-the-money’ call option

B.

Costs less than an ‘out-of-the-money’ call option

C.

Costs more than an ‘out-of-the-money’ call option

D.

Costs the same as an ‘in-the-money’ put option