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

Updated On: 1-Feb-2026

Illiquid describes an instrument which:

  1. does not trade in an active market
  2. does not trade on any exchange
  3. can not be easily hedged
  4. is an over-the-counter (OTC) product

Answer(s): A



If a money market dealer considers placing a given amount at another bank, he must first of all check:

  1. the level of the prevailing market rates
  2. if the funds are available on the nostro account of the bank
  3. if they will be able to generate the outgoing payment
  4. the availability on the country limit and the credit line of his counterparty

Answer(s): D



The risk that an institution will experience a loss on a trade or a position due to an adverse exchange/interest rate movement is best described as:

  1. operational risk
  2. market risk
  3. systemic risk
  4. credit risk

Answer(s): B



The market standard legal agreement for Interest Rate Swaps is:

  1. ISDA
  2. FRABBA
  3. SIFMA/ICMA
  4. ICMA

Answer(s): A



For which of the following transactions are proper and completed bilateral master agreements considered essential PRIOR to any dealing?

  1. spot FX
  2. repo
  3. forward FX
  4. FRAs

Answer(s): B



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