Free 3I0-013 Exam Braindumps
ACI Operations Certificate Questions 191–195 (page: 40)

Updated On: 9-Feb-2026

If the maturity of a straight 3-month deposit fails on a Saturday, which is also the last day of the month, what will be the final end date of this transaction?

  1. The following Monday
  2. Saturday
  3. The last business day of the month
  4. The first business day of the following month

Answer(s): C



The notional amount in an interest rate swap is:

  1. The sum of all the fixed and floating rate payments
  2. The net difference between fixed and floating rate payments
  3. The amount on which floating and fixed interest payments are calculated
  4. The amount at which the two counterparties can close-out their transaction

Answer(s): C



What is the "spread" in an interest rate swap (IRS)?

  1. The interest rate differential between the fixed and floating leg of the swap
  2. The brokerage fee for an interest rate swap transaction
  3. The payment made when a swap is terminated
  4. The difference between the swap rate and the benchmark government yield

Answer(s): D



The writer of an options contract:

  1. Bears a risk limited to the premium paid
  2. Bears a substantial risk
  3. Bears a risk limited to the premium received
  4. Bears no risk

Answer(s): B



An American-style option is:

  1. An option traded in USD
  2. An option which can be exercised at any time between the purchase and expiration date
  3. An option based on any US dollar instrument
  4. An option which can be exercised only on its expiry date

Answer(s): B



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