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3I0-012 – ACI Dealing Certificate

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Showing 13–15 of 20 questions

Question 13 (Volume E)

The outright forward FX rate is not a function of which of the following?

Select an option, then click Submit answer.

  • ○

    The interest rates of the two currencies
  • ○

    The spot exchange rate
  • ○

    Thedaycount
  • ○

    Market expectation
Question 14 (Volume D)

You are quoted the following rates:

Spot cable 1.5340-43

0/N cable swap 0.14/0.11

T/N cable swap 0.16/0.13

S/N cable swap 0.43/0.37

At what rate can you buy cable for value tomorrow?

Select an option, then click Submit answer.

  • ○

    1.534284
  • ○

    1.534316
  • ○

    1.534287
  • ○

    1.534313
Question 15 (Volume D)

If the yield curve is upward sloping, a bank would not profit from:

Select an option, then click Submit answer.

  • ○

    borrowing short and lending long
  • ○

    borrowing long and lending short
  • ○

    paying a higher rate on deposits than the market
  • ○

    increasing the banks leverage