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3I0-013 Exam Dumps : ACI Operations Certificate challenging

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ACI Operations Certificate challenging Questions and Answers

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Question 1

Which of the following is the primary responsibility of an Operations Department?

Options:

A.

Writing the deal ticket

B.

Arranging the delivery of currency payments

C.

Checking the availability of counterparty limits

D.

Agreeing on the FX rate with the counterparty's middle office

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Question 2

You are in the pub with a friend who works for another financial institution. The friend asks you for information about a mutual customer's forward foreign exchange dealing volumes. What should you do?

Options:

A.

Tell him all you know

B.

Tell him nothing

C.

Give him some of the information because the deal involves a mutual customer

D.

Tell him you will investigate and get back to him with the information

Question 3

What is a loro or vostro bank account?

Options:

A.

An account that you hold with another commercial bank

B.

An account that another bank holds with you

C.

An account that you hold with the Bank of England

D.

Your suspense account at the European Central Bank

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