ACI 3I0-008 問題集

質問 1：
Click on the Exhibit Button to view the Formula Sheet. If the value date of forward USD/JPY transactions is declared a holiday in either New York or Tokyo, the correct value date will be:
A. The value date of the centre which is open.
B. The next business day when both New York and Tokyo are open.
C. None of the above.
D. The next business day of the centre which is closed.
正解：B

質問 2：
Click on the Exhibit Button to view the Formula Sheet. The intrinsic value of a long call option:
A. Falls and rises with the price of the underlying commodity, but is always positive
B. Becomes negative if the market price of the underlying commodity falls below the strike price of the option
C. Rises if the price of the underlying commodity falls and vice versa
D. Depends solely on the volatility of the price of the underlying commodity
正解：A

質問 3：
Click on the Exhibit Button to view the Formula Sheet. Convert 8.25% quoted on a semi- annually compounded money market basis for USD to the equivalent annually- compounded bond basis.
A. 8.54%
B. 8.52%
C. 8.30%
D. 8.69%
正解：A

質問 4：
Click on the Exhibit Button to view the Formula Sheet. How can material divergences between the value of cash and collateral be managed in a documented sell/buy-back?
A. Either of the above, but usually (b)
B. Either of the above, but usually (a)
C. Re-pricing
D. Margin maintenance
正解：A

質問 5：
Click on the Exhibit Button to view the Formula Sheet. An interest rate swap is:
A. A temporary exchange of one deposit for another of a longer maturity in the same currency
B. A contract to exchange one stream of income payments for another
C. A forward-forward contract
D. All of the above
正解：B

質問 6：
Click on the Exhibit Button to view the Formula Sheet. An option is:
A. The right but not the obligation to buy or sell a commodity at a fixed price
B. The right to buy or sell a commodity at a fixed price
C. The right to buy a commodity at a fixed price
D. The right but not the obligation to buy commodity at a fixed price
正解：A

質問 7：
Click on the Exhibit Button to view the Formula Sheet. Where internet trading facilities are established by a bank for a client, the conditions and controls should be stated in a rulebook produced by:
A. The bank.
B. Negotiation between the bank and client.
C. The local regulator.
D. The local bankers association.
正解：A

質問 8：
Click on the Exhibit Button to view the Formula Sheet. A dealer has been asked by a broker to go to an exclusive club for the third time in a week. He should:
A. Agree. Entertainment is a normal part of business.
B. Agree but insist on paying half the cost.
C. Refuse. Going back to the same club is clearly excessive entertainment.
D. Refuse. This entertainment is excessive in value and frequency.
正解：D