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 3I0-012 Dumps with Practice Exam Questions Answers

Questions: 740 questions

Last Update: Nov 25, 2024

ACI Certification Exam 3I0-012 has been designed to measure your skills in handling the technical tasks mentioned in the certification syllabus

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3I0-012 Questions and Answers

Question # 1

Is gambling or betting between market participants allowed?

A.

Yes, it is allowed for sporting events.

B.

Yes, it is allowed if no money is involved.

C.

Although not prohibited, it is strongly discouraged.

D.

It is allowed for purposes of charity.

Question # 2

Under what conditions can an FX broker act as a position taker?

A.

if a principal refuses to honour the deal

B.

no conditions are required; the broker is entitled to take positions

C.

only if he can not find another counterparty for a name switching

D.

brokers act only as intermediaries or arrangers of deals

Question # 3

What is an outright forward FX transaction?

A.

A spot sale (purchase) and a forward purchase (sale)

B.

A spot sale (purchase) and a forward sale (purchase)

C.

An exchange of currencies on a date beyond spot and at a price fixed today

D.

An exchange of currencies on a date beyond spot

Question # 4

In FX trading a “third party beneficiary” is best described as:

A.

the issuer of a payment for the relevant trade distinct from the counterparty

B.

the issuer of a payment for the relevant trade identical to the counterparty

C.

the recipient of a payment for the relevant trade distinct from the counterparty

D.

the recipient of a payment for the relevant trade identical to the counterparty

Question # 5

What does the Model Code advise regarding the taping of telephone conversations?

A.

The tapes and other records should be kept until the transaction has been settled B. Firms should ensure that they comply with local privacy laws

B.

Management should ensure that the installation and control of recording equipment complies with local legislation, including laws on data protection, privacy and human rights as well as the manufacturers minimum requirements

C.

All front office personnel should have access to these tapes and records