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ACI 3I0-008 - Questions & Answers

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Question 1
Single choice

Click on the Detail Button to view the Formula Sheet.

How many USD would you have to invest at 3.5% to be repaid USD125 million (principal plus interest) in 30 days?

A.

USD 124,641,442.43

B.

USD 124,636,476.94

C.

USD 124,635,416.67

D.

USD 123,915,737.30

Question 2
Single choice

Click on the Detail Button to view the Formula Sheet.

What is the day count/annual basis convention for euroyen deposits?

A.

Actual/365

B.

Actual/360

C.

Actual/actual

D.

30E/360

Question 3
Single choice

Click on the Detail Button to view the Formula Sheet. Todays date is Thursday 12th December. What is the spot value date? Assume no bank holidays.

A.

14th December

B.

15th December

C.

16th December

D.

17th December

Question 4
Single choice

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EURIBOR is the:

A.

Daily fixing of EUR interbank deposit rates in the European market

B.

Daily fixing of EUR interbank deposit rates in the London market

C.

Another name for EUR LIBOR

D.

The ECBs official repo rate

Question 5
Single choice

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Which of the following rates represents the highest investment yield in the euromarket?

A.

Semi-annual bond yield of 3.75 %

B.

Annual bond yield of 3.75 %

C.

Semi-annual money market yield of 3.75 %

D.

Annual money market rate of 3.75 %

Question 6
Single choice

Click on the Detail Button to view the Formula Sheet.

Which of the following are transferable instruments?

A.

Eurocertificate of deposit

B.

US Treasury bill

C.

CP

D.

All of the above

Question 7
Single choice

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Which of the following is always a secured instrument?

A.

ECP

B.

Repo

C.

Interbank deposit

D.

CD

Question 8
Single choice

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Which of the following is sometimes called two-name paper?

A.

ECP

B.

BA or bank bill

C.

Treasury bill

D.

CD

Question 9
Single choice

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What usually happens to the collateral in a tri-party repo?

A.

It is put at the disposal of the buyer

B.

It is held by the seller in the name of the buyer

C.

It is held by the tri-party agent in the name of the buyer

D.

It is frozen in the sellers account with the tri-party agent

Question 10
Single choice

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Which type of repo is the least risky for the buyer?

A.

Delivery repo

B.

HIC repo

C.

Tri-party repo

D.

There is no real difference

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