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QUESTION: 236 Topic: 3, Volume C

7-day USCP is quoted at a rate of discount of 1.75%. What is its true yield?

1.73%
1.75%
1.77%
1.80%

Answer(s): B

QUESTION: 237 Topic: 3, Volume C

You have quoted your customer the following CAD deposit rates:

1M 1.00-05%
2M 1.06-11%
3M 1.13-18%

The customer says, “I give you CAD 20,000,000.00 in the two’s”. What have you done?

Borrowed CAD 20,000,000.00 at 1.06%
Lent CAD 20,000,000.00 at 1.11%
Borrowed CAD 20,000,000.00 at 1.11%
Lent CAD 20,000,000.00 at 1.06%

Answer(s): A

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QUESTION: 238 Topic: 3, Volume C

Which of the following may pay a return as a mix of income and capital/gain loss?

CD
Interbank deposit
Classic repo
Treasury bill

Answer(s): A

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QUESTION: 239 Topic: 3, Volume C

Which of the following is not transferable?

Euro certificate of deposit
US Treasury bill
CP
Call deposit

Answer(s): D

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QUESTION: 240 Topic: 3, Volume C

What happens when the issuer of a bond being used as collateral in a classic repo fails to pay a coupon on the bond during the term of the repo?

The transaction is terminated and the collateral is returned to the seller
The transaction is rolled over until the coupon is paid or the issuer becomes insolvent, at which point the seller becomes an unsecured creditor of the issuer
The buyer is obliged to make a manufactured payment to the seller and becomes an unsecured creditor of the issuer
The buyer is not obliged to make a manufactured payment to the seller but the buyer is likely to ask for margin

Answer(s): D

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Free 3I0-012 Exam Braindumps 3I0-012 ACI Dealing Certificate Questions 236–240 (page: 49)

QUESTION: 236 Topic: 3, Volume C

QUESTION: 237 Topic: 3, Volume C

QUESTION: 238 Topic: 3, Volume C

QUESTION: 239 Topic: 3, Volume C

QUESTION: 240 Topic: 3, Volume C

Free 3I0-012 Exam Braindumps
3I0-012 ACI Dealing Certificate Questions 236–240 (page: 49)