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3I0-012 ACI Dealing Certificate Questions 286–290 (page: 59)

Updated On: 9-Feb-2026

Which of the following currencies is quoted on an ACT/365 basis for the calculation of interest on interbank deposits in London?

  1. EUR
  2. JPY
  3. HKD
  4. AUD

Answer(s): C



A negative yield curve is one in which:

  1. Longer rates are lower than short rates
  2. Forward exchange rates are at a discount
  3. Short term rates are lower than long
  4. Forward exchange rates are a premium

Answer(s): A



What is the day count/annual basis convention for JPY money market deposits?

  1. ACT/365
  2. ACT/360
  3. ACT/ACT
  4. 30E/360

Answer(s): B



What rates should a panel bank contribute to the EURIBOR fixings?

  1. The offer side of the quotes it is making to other banks
  2. The offer side of the quotes which it is receiving from other banks
  3. The offer side of the interbank quotes it observes being made by prime banks
  4. The offer side of the quotes it has actually borrowed at

Answer(s): C



EURIBOR is the:

  1. Daily fixing of EUR interbank deposit rates in the European market
  2. Daily fixing of EUR interbank deposit rates in the London market
  3. Another name for EUR LIBOR
  4. The ECB’s official repo rate

Answer(s): A



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