ACI 3I0-010 Exam Questions
3I0-010 ACI-Operations Certificate (Page 12 )

Updated On: 21-Feb-2026

Which of the following is caracteristical of a CD?

  1. A CD is a certificate for a gold deposit
  2. The CD issuer can redeem the certificate at any time
  3. It is a non-negotiable instrument.
  4. A CD is a certificate for a time deposit

Answer(s): D



In the UK, T-Bills are issued by:

  1. the Government (Debt Management Office)
  2. the Bank of England
  3. the FSA
  4. the International Monetary Fund (IMF)

Answer(s): A



In a scenario where long-term interest rates are higher than short-term interest rates, the yield curve would best be described as:

  1. flat
  2. negative or inverse
  3. positive
  4. neutral

Answer(s): C



A UK Treasury Bill has 91 days to maturity. Its redemption value is GBP 10,000.00.
What is the purchase price of this bill using a discount rate of 6% per annum?

  1. GBP 9,400.00
  2. GBP 9,852.22
  3. GBP 9,850.41
  4. GBP 9,848.33

Answer(s): C



A USD 1 million US Treasury Bill (91 days) is offered at a discount rate of 5.50%. The offer price will be:

  1. USD 1,000,000.00
  2. USD 986,097.22
  3. USD 945,000.00
  4. USD 986,287.67

Answer(s): B






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