Free 3I0-013 Exam Braindumps
ACI Operations Certificate Questions 71–75 (page: 16)

Updated On: 9-Feb-2026

What is a junk bond?

  1. An AAA-rated security in payment default
  2. A sub-investment grade instrument
  3. An OECD Government bond
  4. A bond typically paying lower yields than an investment grade instrument

Answer(s): B



In a scenario where long-term interest rates are higher than short-term interest rates, the yield curve would best be described as:

  1. Flat
  2. Negative or inverse
  3. Positive
  4. Neutral

Answer(s): C



A USD 1,0000,000.00 US Treasury Bill (91 days) is offered at a discount rate of 0.75%. The offer price will be:

  1. USD 1,000,000.00
  2. USD 998,104.17
  3. USD 992,500.00
  4. USD998,130.14

Answer(s): B



Major amendments to a prospectus can be made:

  1. At the discretion of the issuer and after the launch
  2. Only with the consent of the note holders
  3. Always in the case of default payment
  4. Only by the custodian with the consent of the issuer

Answer(s): B



Which of the following are primary markets?

  1. Auction markets conducted by the U.S. Treasury for U.S. Treasury bills
  2. The repo market
  3. The foreign exchange market
  4. The over-the-counter market for U.S. Government Bonds

Answer(s): A



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