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3I0-012 ACI Dealing Certificate Questions 381–385 (page: 78)

Updated On: 9-Feb-2026

Which of the following will tend to have the lowest yield?

  1. Interbank deposit
  2. Certificate of deposit
  3. Treasury bill
  4. BA

Answer(s): C



Which of the following market participants would least likely be a user of repo?

  1. Investment funds
  2. Credit institutions and central banks
  3. Corporates
  4. Retail and private customers

Answer(s): D



When quoting the exchange rate between the USD and AUDI which is conventionally the base currency?

  1. USD
  2. AUD
  3. Depends on whether the price is being quoted in Australia or the US
  4. Depends on whether the price is being quoted interbank or to a customer

Answer(s): B



The buyer of a USD/ARS NDF could be:

  1. a buyer of Argentine Pesos
  2. expecting a falling USD/ARS rate
  3. hedging against a weakening of the Argentine Peso
  4. speculating on an appreciation of the Argentine Peso

Answer(s): C



A forward/forward FX swap:

  1. is a contract by which the maturity of a regular FX swap can be extended at an historic (noncurrent) rate
  2. is a swap transaction where the near leg is traded either value today or value tomorrow and the far leg is traded spot
  3. is a swap that does not start spot and where both the near and the far leg are traded forward
  4. is a transaction by which a maturing outright forward FX is prolonged at an historic (noncurrent) rate

Answer(s): C



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