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3I0-012 ACI Dealing Certificate Questions 391–395 (page: 80)

Updated On: 9-Feb-2026

The market is quoting:

1-month (31-day) NOK 1.75¡ãk
3-month (91-day) NOK 2.05%

What is the 1x3 rate in NOK?

  1. 4.261%
  2. 2.202%
  3. 1.900%
  4. 1.592%

Answer(s): B



The major difference between FRAs and futures is that FRAs are:

  1. Exchange-traded
  2. Margined
  3. Standardized
  4. Dealtoverthe counter

Answer(s): D



A short USD put/JPY call option:

  1. Gives you the right but not the obligation to sell USD and buy JPY
  2. Gives you the right but not the obligation to buy USD and sell JPY
  3. Gives your counterparty the right but not the obligation to sell USD and buy JPY
  4. Gives your counterparty the right but not the obligation to buy USD and sell JPY

Answer(s): C



What is a long strangle option strategy?

  1. A short call option + short put option with a higher strike price than the call option
  2. A long call option + long put option with a lower strike price than the call option
  3. A short call option + short put option with a lower strike price than the call option
  4. A long call option + short put option with higher strike price than the call option

Answer(s): B



If the yield curve is upward sloping, a bank would not profit from:

  1. borrowing short and lending long
  2. borrowing long and lending short
  3. paying a higher rate on deposits than the market
  4. increasing the banks leverage

Answer(s): B



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