Online Access Free 3I0-008 Exam Questions

Click on the Exhibit Button to view the Formula Sheet.
You are quoted the following market rates:
spot USD/JPY 123.65
1M (30-day) USD. 2.15%
1M (30-day) JPY 0.10%
What is 1-month USD/JPY?

• A.123.65
• B.123.86
• C.123.90
• D.123.44

Click on the Exhibit Button to view the Formula Sheet. A 7% CD was issued recently, at par, which you now purchase at 6.75%. You would expect to pay:

• A.Less than the face value
• B.Too little information to decide
• C.More than the face value
• D.The face value of the CD

Click on the Exhibit Button to view the Formula Sheet. A broker can consider a deal as done if:

• A.He receives verbal acknowledgement from the dealer.
• B.Both parties have established credit lines for each other.
• C.One party acknowledges interest.
• D.He is confident that the dealer will not back out of the deal.

Click on the Exhibit Button to view the Formula Sheet. When a stop-loss/profit order is taken, the rate specified in the order:

• A.Must be transacted if a broker confirms that the rate specified was reached.
• B.Cannot be taken as a fixed-price guarantee.
• C.Must be transacted regardless of where the market moved.
• D.None of the above.

Click on the Exhibit Button to view the Formula Sheet. The term "under reference" refers to:

• A.The need to reconfirm a transaction.
• B.An unavailability of credit limit for the counterparty.
• C.The unacceptability of the counterparty's name.
• D.The rate quoted is going to be revised.