Download ACI Dealing Certificate.3I0-012.NewDumps.2018-05-25.440q.tqb
| Vendor: | ACI |
| Exam Code: | 3I0-012 |
| Exam Name: | ACI Dealing Certificate |
| Date: | May 25, 2018 |
| File Size: | 2 MB |
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Demo Questions
Question 1
An option contract that gives the buyer the right to exercise the option at several distinct points during its life is called:
- European-style option
- American-style option
- Bermudan option
- Asian option
Correct answer: C
Question 2
When considering interest rate risk in the banking book, retail demand deposits without fixed contractual maturity:
- should be assumed to have zero duration
- should be treated like other instantly variable rate liabilities, such as overnight money market borrowing.
- should be assumed to have a low correlation with money market reference rates
- represent a minor contributor to interest rate risk and can safely be disregarded
Correct answer: C
Question 3
If the duration gap is zero, how will a small parallel shift in interest rates affect the market value of the bank’s equity?
- If interest rates rise, the market value of equity will increase
- If interest rates rise, the market value of equity will decrease
- The bank is immunised from changes in interest rates.
- The market value of equity will decrease due to an increase in interest rates
Correct answer: C
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