3I0-010問題集、ACI実際の試験問題

質問 1

An American-style option is:

A. an option traded in USD

B. an option which can be exercised at any time between the purchase and expiration date

C. an option based on any US dollar instrument

D. an option which can be exercised only at maturity

正解: B

質問 2

What is a settlement date?

A. the date, on which settlement must be made on the contracted amount or the differential amount of an operation

B. the last date by which the minimum reserve amount can be paid to the central bank

C. the date by which the interest payment on an operation must be made

D. the date a deal is processed

正解: A

質問 3

The calculation method of the foreign exchange rates for value today or for value tomorrow outrights:

A. is based on the calculation of compound interest rates

B. is based on linear interpolation

C. is based on the same calculation method as the forward rate agreements (FRA)

D. is based on the interest rate differential between the two currencies

正解: D

質問 4

The term "tom next" is used to describe a swap for which period?

A. tomorrow against spot

B. tomorrow against the day after spot

C. today against tomorrow

D. today against spot

正解: A

質問 5

You bought a 6x9 EUR 8,000,000.00 FRA at 4.50%. Settlement is now due and 3 months (90 days) EURIBOR is 3.50%. What amount do you pay or receive?

A. receive EUR 19,826.52

B. pay EUR 20,000.00

C. receive EUR 20,000.00

D. pay EUR 19,826.52

正解: D

質問 6

What are the consequences for credit risk when a collateral agreement is added to a netting agreement?

A. A collateral agreement can reduce market risk

B. A collateral agreement can reduce the replacement risk

C. A collateral agreement eliminates the future replacement risk

D. A collateral agreement can reduce operational risk

正解: B

質問 7

The trade life cycle of a treasury deal starts with input and ends with:

A. accounting

B. adjustment of bilateral limits

C. nostro reconciliation

D. netting

正解: C

質問 8

The capital market is the general term for a financial market in which:

A. only long-term corporate bonds, with maturities of five years or more, are bought and sold

B. medium to long-term debt and financial instruments, as well as medium and long-term securities are traded until they reach maturity

C. only short-term financial instruments and short-term securities are traded

D. short-term debt, equities and securities, as well as short-term financial instruments are traded; maturities are generally less than one year

正解: B

質問 9

A trader purchases a six month over-the-counter straddle (options strategy) for a 1 million premium from a counterparty. The maximum credit exposure over the life of the trade is:

A. none of the above

B. there is no credit exposure

C. exactly 1 million

D. less than 1 million

正解: A

ACI - Operations Certificate - 3I0-010 模擬練習