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ACI-Financial 3I0-012 Syllabus Exam Questions Answers

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Total 740 questions
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ACI Dealing Certificate Questions and Answers

Question 13

You bought a CAD 8,000,000.00 6x9 FRA at 1.95%. The settlement rate is 3-month (90-day) BBA LIBOR, which is fixed at 0.9500%.

What is the settlement amount at maturity?

Options:

A.

You pay CAD 20,000.00

B.

You receive CAD 20,000.00

C.

You pay CAD 19,952.61

D.

You receive CAD 19,952.61

Question 14

Which Greek letter is used to describe the ratio of change in the option price compared with change in the price of the underlying instrument, when all other conditions are fixed?

Options:

A.

beta

B.

gamma

C.

delta

D.

theta

Question 15

What type of institution is the typical drawer of banker’s acceptances?

Options:

A.

Credit institution

B.

Investment bank

C.

Corporate

D.

Central Bank

Question 16

When banks transact FX swaps, the spot price should be determined:

Options:

A.

anytime after the swap is transacted

B.

before the swap is transacted

C.

immediately after the swap is transacted

D.

no less than 24 hours after the completion of the swap

Page: 4 / 28
Total 740 questions
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