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Free ACI 3I0-012 Practice Exam with Questions & Answers | Set: 5

Questions 61

If spot USD/HKD is 7.7600 and USD/SGD is 1.2350, what is SGD/HKD?

Options:
A.

9.5836

B.

6.2834

C.

0.1591

D.

0.1043

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Questions 62

What does the term “mine” mean when given in response to an FX spot quotation?

Options:
A.

I buy the base currency at the bid rate.

B.

I buy the base currency at the offer rate.

C.

I buy the counter-currency at the offer rate.

D.

I sell you the base currency at the bid rate,

Questions 63

Assume the following scenario:

Bank A bids for EUR 5,000,000.00 at 1.3592.

Bank B offers EUR 10,000,000.00 at 1.3597.

Broker XYZ quotes to the market EUR/USD 1.3592/97.

Bank C takes the offer at 1.3597.

What information is the broker obliged to reveal?

Options:
A.

the name of Bank A and Bank B

B.

the names of Bank B and Bank C

C.

the amount that was bid but not the name of Bank A

D.

the amount taken by Bank C as well as the amount that was bid

Questions 64

You quote your customer EUR/USD 1.3070-73, However they need the rate quoted in EUR per USD. What do you quote?

Options:
A.

1.3073-70

B.

0.7651-49

C.

0.7646-49

D.

0.7649-51

Questions 65

Which of the following statements about the Net Stable Funding Ratio is correct?

Options:
A.

Assets are classified with an available stable funding factor (ASF).

B.

Liabilities are classified with a required stable funding factor (RSF).

C.

The ratio of available funding to required funding has to be higher than 50%n

D.

Equity has an available stable funding factor of 100%.

Questions 66

Under Basel rules, what is the meaning of LGD?

Options:
A.

Loss Given Default

B.

Liquidity Given Distress

C.

Limit Given Default

D.

Loss Given Distress

Questions 67

If making a claim in respect of “use of funds”, payments should be settled within how many days?

Options:
A.

15

B.

20

C.

35

D.

40

Questions 68

In FX trading a “third party beneficiary” is best described as:

Options:
A.

the issuer of a payment for the relevant trade distinct from the counterparty

B.

the issuer of a payment for the relevant trade identical to the counterparty

C.

the recipient of a payment for the relevant trade distinct from the counterparty

D.

the recipient of a payment for the relevant trade identical to the counterparty

Questions 69

Mark-to-market’ in a repo means:

Options:
A.

Revaluing collateral versus cash

B.

Revaluing collateral

C.

Calculating net present value

D.

Calculating the net replacement cost

Questions 70

If the value of the collateral in a repo has fallen during the term of the transaction, who suffers the loss?

Options:
A.

Seller

B.

Buyer

C.

Issuer

D.

It depends on the agreement between the buyer and seller

Questions 71

If 6-month EUR/AUD is quoted at 129/132, which of the following statements is correct?

Options:
A.

EUR rates are higher than AUD rates in the 6-month

B.

AUD rates are higher than EUR rates in the 6-month

C.

There is a positive EUR yield curve

D.

There is not enough information to decide

Questions 72

If you took a short position in USD/JPY, how could the Fed “squeeze” you?

Options:
A.

Raise USD interest rates

B.

Lower USD interest rates

C.

Lower reserve requirements

D.

It could not squeeze you

Questions 73

Which one of the following best describes expected shortfall/conditional value-at-risk at the 95% level?

Options:
A.

the expected loss on the portfolio in the worst 95% of cases

B.

the expected loss in those cases where the loss exceeds the VaR at the 95% level

C.

the maximum loss in those cases where the loss exceeds the VaR at the 95% level

D.

the expected loss in those cases where the loss exceeds the VaR at the 5% level

Questions 74

A CD can usually only be issued by what type of institution?

Options:
A.

Credit institution

B.

Investment bank

C.

Discount house

D.

Corporate

Questions 75

The Interest Rate Parity Theorem states that:

Options:
A.

Interest rates in different currencies will tend to move into line with each other over time

B.

Interest rates in different currencies differ due to differences in expectations about inflation

C.

Selling a low interest rate currency to invest a high interest rate currency will only be profitable if one hedges the currency risk

D.

Selling a low interest rate currency to invest in a high interest rate currency should not be profitable if one hedges the currency risk

Exam Code: 3I0-012
Certification Provider: ACI
Exam Name: ACI Dealing Certificate
Last Update: Jul 18, 2025
Questions: 740

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