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3I0-013 Premium Exam Questions

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Question 20

What is a correspondent bank?

Options:

A.

A bank which processes payment orders on behalf of another bank

B.

A bank which processes payment orders on national level only

C.

A bank which has subsidiaries in CLS-countries

D.

A bank which has a minimum reserve account in more than one country

Question 21

You are in the pub with a friend who works for another financial institution. The friend asks you for information about a mutual customer's forward foreign exchange dealing volumes. What should you do?

Options:

A.

Tell him all you know

B.

Tell him nothing

C.

Give him some of the information because the deal involves a mutual customer

D.

Tell him you will investigate and get back to him with the information

Question 22

The writer of an options contract:

Options:

A.

Bears a risk limited to the premium paid

B.

Bears a substantial risk

C.

Bears a risk limited to the premium received

D.

Bears no risk

Question 23

The clearing house of a financial futures exchange:

Options:

A.

Acts as counterparty to each buyer and seller

B.

Is responsible for market making

C.

Requires members to cover their commitments on a week-to-week basis

D.

Does not regulate trader’s activities

Page: 5 / 14
Exam Code: 3I0-013
Exam Name: ACI Operations Certificate challenging
Last Update: Apr 15, 2024
Questions: 386
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