ACI 3I0-012 Dealing Certificate 3I0-012 Dumps in PDF

Free ACI 3I0-012 Real Questions (page: 74)

Under Basel rules the meaning of CCF is:

  1. Currency Conversion Factor
  2. Credit Conversion Factor
  3. Credit Contribution Factor
  4. Credit Collateralization Factor

Answer(s): B



What is meant by “turn of the month”?

  1. the last calendar day of the month
  2. the last bank business day of the month
  3. value last business day of the month against first business day of the next month
  4. value first business day of the month against last business day of the same month

Answer(s): C



In order to give a price in EUR/USD, the broker must:

  1. know whether the European Central Bank or the Federal Reserve is in the market before quoting
  2. be sure that the quoting bank’s prices are not shared with other brokers
  3. get the price from a bank or a bid and an offer from different banks in order to make a two-way price, because the broker cannot make prices on his own
  4. make sure that the quoting banks have sufficient credit lines

Answer(s): C



In interbank trading, if a dealer is calling “off” at the same time as the broker is hitting a price:

  1. no transaction should be concluded and the broker should inform both counterparties accordingly
  2. a transaction should be concluded and the broker should inform both counterparties accordingly
  3. the dealer has the choice of either concluding the transaction or not
  4. the broker decides whether the transaction should be concluded or not

Answer(s): B



A dealer has been invited by a broker to go to an exclusive club for the third time in a week. He should:

  1. agree, since entertainment is a normal part of business
  2. refer this to senior management
  3. agree but insist on paying half the cost
  4. agree, if the broker pays for the event but does not attend it

Answer(s): B



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8/14/2023 3:49:00 PM

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12/29/2023 11:31:00 AM

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9/8/2023 5:56:00 AM

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11/21/2023 1:37:00 AM

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10/28/2023 2:30:00 PM

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5/18/2023 12:44:00 PM

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6/23/2023 9:00:00 PM

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