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3I0-012 Exam Results

Page: 15 / 28
Total 740 questions
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ACI Dealing Certificate Questions and Answers

Question 57

Click on the Exhibit Button to view the Formula Sheet. A 6-month (182-day) investment of CHF15.5 million yields a return of CHF100,000. What is the rate of return?

Options:

A.

1.32%

B.

1.29%

C.

1.28%

D.

0.65%

Question 58

It is up to the vendors of electronic dealing platforms to ensure that dealers are trained to use their systems.

Options:

A.

Management should ensure dealers fully understand the systems they use and dealers should read the manuals.

B.

Management, dealers and vendors share responsibility.

C.

Dealers are required to pass the ACI Dealing Certificate before being allowed to access electronic dealing platforms.

D.

Given the wide range of electronic dealing platforms used by banks, it is the responsibility of the vendors to ensure individual users are adequately trained.

Question 59

Where internet trading facilities are established by a bank for a client, the conditions and controls should be stated in a rulebook produced by:

Options:

A.

The bank.

B.

The local bankers association.

C.

The local regulator.

D.

Negotiation between the bank and client.

Question 60

What is the risk of dealing through an agent with an unknown principal?

Options:

A.

You may not be able to ensure that your firm can avoid suspicion of trading on non-public information or other allegations of bad or illegal trading practice.

B.

You may not be able to net your exposure in an insolvency.

C.

You may not be able to net your exposure for capital adequacy purposes.

D.

All of the above.

Page: 15 / 28
Total 740 questions
Get 3I0-012 Full Access Download 3I0-012 PDF