3I0-012 ACI ACI Dealing Certificate
Answer: B QUESTION: 327 A dealer has been asked by a broker to go to an exclusive club for the third time in a week. He should: A. Agree. Entertainment is a normal part of business. B. Refuse. This entertainment is excessive in value and frequency. C. Agree but insist on paying halt the cost. D. Refuse. Going back to the same club is clearly excessive entertainment. Answer: B QUESTION: 328 The use of off-market rates is discouraged and should be permitted only: A. When the bank’s income is secured on the trade. B. If the unsecured credit is taken into account. C. It the bank knows the customer very well. D. When there are written procedures and policies for such transactions. Answer: D QUESTION: 329 Dealers are allowed to trade for their own account if: A. The dealers have good track records in their dealing both for the institution and for themselves. B. There has been no previous conflicts of interest in the dealing room. C. There is a clearly laFd down policy. D. The dealers see no conflict of Interest in such dealing. Answer: C 112
QUESTION: 330 When a stop-loss/profit order is taken, the rate specified in the order: A. Must be transacted regardless of where the market moved.
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- Fall '20
- B. Brokers