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ACI-DEALING CERTIFICATE (3I0-008) - ACI Exam Questions

Last updated on June 20, 2026

97% Exam Compliance
251 Total Questions
1
Question
What is the Gold Offered Forward Rate?
Options
A The price of gold for forward delivery
B The rate at which dealers will lend gold against US dollars
C The implied forward price of gold
D The price differential between spot and forward gold prices
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2
Question
A broker offers a dealer an incentive in the form of a reduction to the agreed schedule of brokerage between the firms.
Options
A This is illegal.
B The offer requires approval in writing by both senior managements.
C The offer requires agreement in writing between the broker and the dealer.
D This is a normal volume discount.
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3
Question
How long does the Model Code recommend that tape recordings of dealers/brokers should be kept?
Options
A Until the maturity of the deal
B One year
C Up to one month
D At least 2 months
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4
Question
What is the purpose of a long strangle option strategy?
Options
A To anticipate very high volatility in the price of the underlying commodity
B To anticipate moderately high volatility in the price of the underlying commodity
C To anticipate moderate volatility in the price of the underlying commodity
D To anticipate very low volatility in the price of the underlying commodity
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5
Question
Bank participants have a duty to make it clear that their prices are firm or merely indicative:
Options
A At all times.
B Only if they are dealing in a fast moving market.
C Only if they are dealing with brokers.
D Only if the amount is not marketable.
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