Selected 3I0-012 ACI-Financial Questions Answers

ACI Dealing Certificate Questions and Answers

Question 77

Under Basel III rules the meaning of RSF is:

Reviewed Supervisory Factor

Required Stable Funding

Riskless Stable Funding

Riskless Supervised Funding

Question 78

All prices quoted by brokers should be taken to be:

under reference

firm, but not necessarily in marketable amounts

firm, unless otherwise qualified

merely indicative

Question 79

A dealer in the spot foreign exchange market has to assume that a price given to a voice broker is only valid:

for a short length of time, usually 30 seconds

until the price has been taken “off” by the dealer

for a short length of time, typically a matter of seconds

for a minute or two

Question 80

What is the result of combining a 1-month buy and sell FX swap with a 2-month sell and buy FX swap?

a 1x2 FRA short position

a 1- against 2-month buy and sell forward/forward FX swap

a 1- against 2-month sell and buy forward/forward FX swap

a 1- against 2-month forward/forward long position