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ACI-Financial Changed 3I0-012 Questions

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Total 740 questions
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ACI Dealing Certificate Questions and Answers

Question 61

The delta of an at-the-money long call option is:

Options:

A.

Between +0.5 and +1

B.

+0.5

C.

Between 0 and +0.5

D.

Zero

Question 62

If GSP/USD is quoted to you at 1.61 20-30, how much GSP would you receive if you sold USD 2000,000?

Options:

A.

1,239,925.60

B.

1,237,873.80

C.

1,240,694.79

D.

1,242,720.50

Question 63

Where repos or securities lending transactions are entered into, the Model Code recommends:

Options:

A.

Documentation should be in place beforehand.

B.

Management should approve all transactions.

C.

Copies of the underlying documentation should be lodged with regulators.

D.

All of the above.

Question 64

You have received a gift from a good friend who also happens to be your USD/YEN broker. Under such circumstances, the Model Code recommends that you should:

Options:

A.

Always decline gifts.

B.

Give the gift to charity.

C.

Keepthe gift.

D.

Report the gift to management.

Page: 16 / 28
Total 740 questions
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