Free ACI 3I0-008 Practice Test & Real Exam Questions

Exam Code/Number: 3I0-008
Exam Name/Title: ACI DEALING CERTIFICATE
Certification Provider: ACI
Corresponding Certification: ACI-Financial Markets Association

Exam Questions: 320
Updated On: Aug 03, 2026

Question #1

Click on the Exhibit Button to view the Formula Sheet. 3-month EUR/USD FX swaps are quoted to you at 15/19. If the "points are in your favour", what have you done?

A. Cannot say

B. Made the quote

C. Sold and bought 3-month EUR/USD through the swap

D. Bought and sold 3-month EUR/USD through the swap

Discussion 0

Correct Answer: D Vote an answer

Question #2

Click on the Exhibit Button to view the Formula Sheet. You buy a 181-day 2.75% CD with a face value of USD 1,500,000 at par when it is issued. You sell it in the secondary market after 150 days at 2.60%. What is your holding period yield?

A. 2.60%

B. 2.775%

C. 2.75%

D. 2.813%

Discussion 0

Correct Answer: B Vote an answer

Question #3

Click on the Exhibit Button to view the Formula Sheet. Deals transacted direct or via a broker prior to 5:00am Sydney time on Monday morning:

A. Must be approved by senior management before confirmation.

B. Cannot be entered into without the approval of the local regulator.

C. Are not considered to have been done in normal conditions or normal market hours.

D. Are invalid.

Discussion 0

Correct Answer: C Vote an answer

Question #4

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. 8.30%

C. 8.69%

D. 8.52%

Discussion 0

Correct Answer: A Vote an answer

Question #5

Click on the Exhibit Button to view the Formula Sheet. You and a dealer at another bank have an informal bilateral reciprocal arrangement to quote each other two-way prices.
During periods of high volatility, the other dealer refuses to quote to you. The Model Code states that:

A. Such arrangements are not in any way enforceable or binding.

B. The other dealer should act with honour, honesty and integrity.

C. It is a purely matter for your two institutions.

D. All of the above.

Discussion 0

Correct Answer: C Vote an answer

Question #6

Click on the Exhibit Button to view the Formula Sheet.
Your are quoted the following rates:
spot CHF/JPY 80.12-22
3M CHF/JPY 25.5/22.5
At what rate can you buy 3-month outright JPY against CHF?

A. 79.895

B. 79.865

C. 79.995

D. 79.965

Discussion 0

Correct Answer: B Vote an answer

Question #7

Click on the Exhibit Button to view the Formula Sheet. The Model Code recommends that when banks accept a stop-loss order:

A. Bank staff must secure the approval of the counterpartys management to accept such orders.

B. Management allows only experienced dealers to take such orders.

C. Management must ensure ongoing lines of communication are in place between the parties.

D. Management must report to the central bank.

Discussion 0

Correct Answer: C Vote an answer

Question #8

Click on the Exhibit Button to view the Formula Sheet. What is the ISO code for the currency of Hungary?

A. HRN

B. HKD

C. HUF

D. HUG

Discussion 0

Correct Answer: C Vote an answer

Question #9

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 (a)

B. Re-pricing

C. Margin maintenance

D. Either of the above, but usually (b)

Discussion 0

Correct Answer: D Vote an answer

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