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Free ACI 3I0-013 Practice Exam with Questions & Answers | Set: 11

Questions 101

What are the communication channels most often used for investigations?

Options:
A.

VoIP

B.

Mail, fax

C.

Phone, SWIFT

D.

Reuter Dealing

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Questions 102

If today is Wednesday, what are the value days of a spot next money market deal assuming there are no intervening bank holidays?

Options:
A.

Wednesday against Thursday

B.

Thursday against Friday

C.

Friday against Monday

D.

Monday against Tuesday

Questions 103

What is a bank required to do when entering into a new business relationship with a natural person?

Options:
A.

Inform the central bank of their country

B.

No action is required

C.

Verify the identity of the person

D.

Inform the risk management department

Questions 104

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

Questions 105

What are the main advantages of settling an FX transaction through the CLS Bank?

Options:
A.

CLS eliminates foreign exchange risk and thus increases bank profits on FX deals

B.

CLS minimizes the settlement risk

C.

CLS reduces operational banking costs

D.

CLS eliminates the settlement risk but reduces operational efficiency

Questions 106

Which of the following currency risks could only be hedged by a non deliverable forward (NDF)?

Options:
A.

An exposure in Singapore Dollar (SGD)

B.

An exposure in Thai Baht (THB)

C.

An exposure in Philippine Peso (PHP)

D.

An exposure in Hong Kong Dollar (HKD)

Questions 107

Your agent bank accepts your back-valuation request for 1 day on an amount of EUR 75,000,000.00. EONIA is 1.312% and the ECB marginal lending facility rate is 1.50%. Applying conventional administration fees, how much will this be charged?

Options:
A.

EUR 3,354.17

B.

EUR 3,225.00

C.

EUR 3,125.00

D.

EUR 2,833.33

Questions 108

If an overnight EUR/USD FX swap is traded on Tuesday, 19 June, and there are no currency holidays during the week of June 18 - 22, what would be the value dates of the two swap legs?

Options:
A.

18 June against 19 June

B.

19 June against 20 June

C.

20 June against 21 June

D.

21 June against 22 June

Questions 109

What are the ISO codes for the Canadian Dollar, the Singapore Dollar, the South African Rand and the Swiss Franc (though not necessarily in that order)?

Options:
A.

SAR, CAD, SFR, SGD

B.

CAD, CHF, SGD, SAR

C.

SFR, SGD, ZAR, CAD

D.

SGD, ZAR, CAD, CHF

Questions 110

In what order would the currencies of the major currency pairs generally be quoted in forex?

Options:
A.

EUR/USD, USD/JPY, USD/GBP, USD/CHF, USD/CAD, USD/AUD

B.

EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

C.

EUR/USD, USD/JPY, GBP/USD, USD/CHF, CAD/USD, AUD/USD

D.

EUR/USD, USD/JPY, GBP/USD, USD/CHF, CAD/USD, USD/AUD

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