{"id":128720,"date":"2026-06-22T08:13:19","date_gmt":"2026-06-22T08:13:19","guid":{"rendered":"https:\/\/www.dumpsbase.com\/freedumps\/?p=128720"},"modified":"2026-06-22T08:13:23","modified_gmt":"2026-06-22T08:13:23","slug":"002-101-dumps-v8-02-free-aci-dealing-certificate-new-version-exam-questions-part-1-q1-q40","status":"publish","type":"post","link":"https:\/\/www.dumpsbase.com\/freedumps\/002-101-dumps-v8-02-free-aci-dealing-certificate-new-version-exam-questions-part-1-q1-q40.html","title":{"rendered":"002-101 Dumps V8.02: Free ACI Dealing Certificate New Version Exam Questions (Part 1, Q1-Q40)"},"content":{"rendered":"\n<p>The ACI Dealing Certificate New Version Exam (002-101) serves as a stepping stone to the more advanced ACI Diploma. It is designed to establish foundational competence for financial market professionals, covering the core mechanics of foreign exchange, interest rates, commodities instruments, and adherence to industry standards like the FX Global Code. ACI 002-101 dumps (V8.02) from DumpsBase are carefully curated to help you learn the core knowledge points and essential exam topics. We have 192 practice questions and answers, which are well-structured to reflect real exam patterns. By learning these ACI Dealing Certificate New Version exam questions, you can quickly understand key concepts and focus on the areas that matter most. We have ACI 002-101 free dumps online, which are a free demo of the full version. Today, we will share the first part to help you test 40 free ACI Dealing Certificate New Version exam questions online.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Below are free ACI Dealing Certificate New Version Exam questions (Part 1, Q1-Q40), helping you verify the 002-101 dumps V8.02 today:<\/h2>\n\n\n<script>\n\t  window.fbAsyncInit = function() {\n\t    FB.init({\n\t      appId            : '622169541470367',\n\t      autoLogAppEvents : true,\n\t      xfbml            : true,\n\t      version          : 'v3.1'\n\t    });\n\t  };\n\t\n\t  (function(d, s, id){\n\t     var js, fjs = d.getElementsByTagName(s)[0];\n\t     if (d.getElementById(id)) {return;}\n\t     js = d.createElement(s); js.id = id;\n\t     js.src = \"https:\/\/connect.facebook.net\/en_US\/sdk.js\";\n\t     fjs.parentNode.insertBefore(js, fjs);\n\t   }(document, 'script', 'facebook-jssdk'));\n\t<\/script><script type=\"text\/javascript\" >\ndocument.addEventListener(\"DOMContentLoaded\", function(event) { \nif(!window.jQuery) alert(\"The important jQuery library is not properly loaded in your site. Your WordPress theme is probably missing the essential wp_head() call. You can switch to another theme and you will see that the plugin works fine and this notice disappears. If you are still not sure what to do you can contact us for help.\");\n});\n<\/script>  \n  \n<div  id=\"watupro_quiz\" class=\"quiz-area single-page-quiz\">\n<p id=\"submittingExam12532\" style=\"display:none;text-align:center;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\"><\/p>\n\n<div class=\"watupro-exam-description\" id=\"description-quiz-12532\"><\/div>\n\n<form action=\"\" method=\"post\" class=\"quiz-form\" id=\"quiz-12532\"  enctype=\"multipart\/form-data\" >\n<div class='watu-question ' id='question-1' style=';'><div id='questionWrap-1'  class='   watupro-question-id-487652'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>1. <\/span>A cross rate is:<\/div><input type='hidden' name='question_id[]' id='qID_1' value='487652' \/><input type='hidden' id='answerType487652' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487652[]' id='answer-id-1883656' class='answer   answerof-487652 ' value='1883656'   \/><label for='answer-id-1883656' id='answer-label-1883656' class=' answer'><span>An exchange rate between two currencies calculated through a third currency<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487652[]' id='answer-id-1883657' class='answer   answerof-487652 ' value='1883657'   \/><label for='answer-id-1883657' id='answer-label-1883657' class=' answer'><span>A rate fixed by an exchange only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487652[]' id='answer-id-1883658' class='answer   answerof-487652 ' value='1883658'   \/><label for='answer-id-1883658' id='answer-label-1883658' class=' answer'><span>A penalty rate charged on failed settlement<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487652[]' id='answer-id-1883659' class='answer   answerof-487652 ' value='1883659'   \/><label for='answer-id-1883659' id='answer-label-1883659' class=' answer'><span>A repo rate against equity collateral<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-2' style=';'><div id='questionWrap-2'  class='   watupro-question-id-487653'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>2. <\/span>When an employee executes a personal trade in advance of a client's or institution's order to benefit <br \/>\r<br>from the anticipated movement in the market price following the execution of a large trade, it is called:<\/div><input type='hidden' name='question_id[]' id='qID_2' value='487653' \/><input type='hidden' id='answerType487653' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487653[]' id='answer-id-1883660' class='answer   answerof-487653 ' value='1883660'   \/><label for='answer-id-1883660' id='answer-label-1883660' class=' answer'><span>Forward-facing<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487653[]' id='answer-id-1883661' class='answer   answerof-487653 ' value='1883661'   \/><label for='answer-id-1883661' id='answer-label-1883661' class=' answer'><span>Insider dealing<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487653[]' id='answer-id-1883662' class='answer   answerof-487653 ' value='1883662'   \/><label for='answer-id-1883662' id='answer-label-1883662' class=' answer'><span>Front running<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487653[]' id='answer-id-1883663' class='answer   answerof-487653 ' value='1883663'   \/><label for='answer-id-1883663' id='answer-label-1883663' class=' answer'><span>Ex ante trading<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-3' style=';'><div id='questionWrap-3'  class='   watupro-question-id-487654'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>3. <\/span>What needs to be done in the event that a trade is amended by one or both parties?<\/div><input type='hidden' name='question_id[]' id='qID_3' value='487654' \/><input type='hidden' id='answerType487654' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487654[]' id='answer-id-1883664' class='answer   answerof-487654 ' value='1883664'   \/><label for='answer-id-1883664' id='answer-label-1883664' class=' answer'><span>A new confirmation should be generated and the confirmation cycle should restart and continue until the trade is completely matched by both parties<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487654[]' id='answer-id-1883665' class='answer   answerof-487654 ' value='1883665'   \/><label for='answer-id-1883665' id='answer-label-1883665' class=' answer'><span>A new confirmation should be generated by both parties but there is no need to restart the confirmation cycle<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487654[]' id='answer-id-1883666' class='answer   answerof-487654 ' value='1883666'   \/><label for='answer-id-1883666' id='answer-label-1883666' class=' answer'><span>A new confirmation need not be generated but the confirmation cycle must restart and continue until the trade is completely matched by both parties<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487654[]' id='answer-id-1883667' class='answer   answerof-487654 ' value='1883667'   \/><label for='answer-id-1883667' id='answer-label-1883667' class=' answer'><span>The amending party should verbally inform the other party<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-4' style=';'><div id='questionWrap-4'  class='   watupro-question-id-487655'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>4. <\/span>Lending for 3 months and borrowing for 6 months creates a 3x6 forward-forward deposit. The cost of that deposit is called:<\/div><input type='hidden' name='question_id[]' id='qID_4' value='487655' \/><input type='hidden' id='answerType487655' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487655[]' id='answer-id-1883668' class='answer   answerof-487655 ' value='1883668'   \/><label for='answer-id-1883668' id='answer-label-1883668' class=' answer'><span>Forward-forward rate<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487655[]' id='answer-id-1883669' class='answer   answerof-487655 ' value='1883669'   \/><label for='answer-id-1883669' id='answer-label-1883669' class=' answer'><span>All of the above<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487655[]' id='answer-id-1883670' class='answer   answerof-487655 ' value='1883670'   \/><label for='answer-id-1883670' id='answer-label-1883670' class=' answer'><span>Implied rate<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487655[]' id='answer-id-1883671' class='answer   answerof-487655 ' value='1883671'   \/><label for='answer-id-1883671' id='answer-label-1883671' class=' answer'><span>Break-even rate<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-5' style=';'><div id='questionWrap-5'  class='   watupro-question-id-487656'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>5. <\/span>Which of the following are transferable instruments?<\/div><input type='hidden' name='question_id[]' id='qID_5' value='487656' \/><input type='hidden' id='answerType487656' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487656[]' id='answer-id-1883672' class='answer   answerof-487656 ' value='1883672'   \/><label for='answer-id-1883672' id='answer-label-1883672' class=' answer'><span>US Treasury bill<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487656[]' id='answer-id-1883673' class='answer   answerof-487656 ' value='1883673'   \/><label for='answer-id-1883673' id='answer-label-1883673' class=' answer'><span>Eurocertificate of deposit<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487656[]' id='answer-id-1883674' class='answer   answerof-487656 ' value='1883674'   \/><label for='answer-id-1883674' id='answer-label-1883674' class=' answer'><span>CP<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487656[]' id='answer-id-1883675' class='answer   answerof-487656 ' value='1883675'   \/><label for='answer-id-1883675' id='answer-label-1883675' class=' answer'><span>All of the above<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-6' style=';'><div id='questionWrap-6'  class='   watupro-question-id-487657'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>6. <\/span>You have written a EUR\/USD knock-in option for a bank counterparty. At 6pm New York time on Friday, the in-strike point is breached and confirmed on screens. The counterparty contacts you to confirm that the option has been knocked in. <br \/>\r<br>What should you do?<\/div><input type='hidden' name='question_id[]' id='qID_6' value='487657' \/><input type='hidden' id='answerType487657' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487657[]' id='answer-id-1883676' class='answer   answerof-487657 ' value='1883676'   \/><label for='answer-id-1883676' id='answer-label-1883676' class=' answer'><span>The recognised closing time for the currency markets is 5:00pm New York time on Friday, so no deal is done<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487657[]' id='answer-id-1883677' class='answer   answerof-487657 ' value='1883677'   \/><label for='answer-id-1883677' id='answer-label-1883677' class=' answer'><span>The recognised closing time for the currency markets is 5:00pm New York time on Friday, so no deal is done<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487657[]' id='answer-id-1883678' class='answer   answerof-487657 ' value='1883678'   \/><label for='answer-id-1883678' id='answer-label-1883678' class=' answer'><span>If the knock-in is confirmed by a New York price source, the deal is done and you should confirm with your counterparty<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487657[]' id='answer-id-1883679' class='answer   answerof-487657 ' value='1883679'   \/><label for='answer-id-1883679' id='answer-label-1883679' class=' answer'><span>The deal is done and you should confirm with your counterparty<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487657[]' id='answer-id-1883680' class='answer   answerof-487657 ' value='1883680'   \/><label for='answer-id-1883680' id='answer-label-1883680' class=' answer'><span>The recognised closing time for the currency markets is 6:00pm New York time on Friday, so the \r\ndeal is done and you should confirm with your counterparty<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-7' style=';'><div id='questionWrap-7'  class='   watupro-question-id-487658'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>7. <\/span>What usually happens to the collateral in a tri-party repo?<\/div><input type='hidden' name='question_id[]' id='qID_7' value='487658' \/><input type='hidden' id='answerType487658' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487658[]' id='answer-id-1883681' class='answer   answerof-487658 ' value='1883681'   \/><label for='answer-id-1883681' id='answer-label-1883681' class=' answer'><span>It is held by the seller in the name of the buyer<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487658[]' id='answer-id-1883682' class='answer   answerof-487658 ' value='1883682'   \/><label for='answer-id-1883682' id='answer-label-1883682' class=' answer'><span>It is held by the tri-party agent in the name of the buyer<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487658[]' id='answer-id-1883683' class='answer   answerof-487658 ' value='1883683'   \/><label for='answer-id-1883683' id='answer-label-1883683' class=' answer'><span>It is put at the disposal of the buyer<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487658[]' id='answer-id-1883684' class='answer   answerof-487658 ' value='1883684'   \/><label for='answer-id-1883684' id='answer-label-1883684' class=' answer'><span>It is frozen in the seller\u2019s account with the tri-party agent<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-8' style=';'><div id='questionWrap-8'  class='   watupro-question-id-487659'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>8. <\/span>How can material divergences between the value of cash and collateral be managed in a documented sell\/buy-back?<\/div><input type='hidden' name='question_id[]' id='qID_8' value='487659' \/><input type='hidden' id='answerType487659' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487659[]' id='answer-id-1883685' class='answer   answerof-487659 ' value='1883685'   \/><label for='answer-id-1883685' id='answer-label-1883685' class=' answer'><span>Margin maintenance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487659[]' id='answer-id-1883686' class='answer   answerof-487659 ' value='1883686'   \/><label for='answer-id-1883686' id='answer-label-1883686' class=' answer'><span>Either of the above, but usually re-pricing<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487659[]' id='answer-id-1883687' class='answer   answerof-487659 ' value='1883687'   \/><label for='answer-id-1883687' id='answer-label-1883687' class=' answer'><span>Either of the above, but usually margin maintenance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487659[]' id='answer-id-1883688' class='answer   answerof-487659 ' value='1883688'   \/><label for='answer-id-1883688' id='answer-label-1883688' class=' answer'><span>Re-pricing<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-9' style=';'><div id='questionWrap-9'  class='   watupro-question-id-487660'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>9. <\/span>When differences in payment arise because of errors in the payment of funds:<\/div><input type='hidden' name='question_id[]' id='qID_9' value='487660' \/><input type='hidden' id='answerType487660' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487660[]' id='answer-id-1883689' class='answer   answerof-487660 ' value='1883689'   \/><label for='answer-id-1883689' id='answer-label-1883689' class=' answer'><span>No party involved can be enforced to contribute to achieve an equitable resolution to the problem<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487660[]' id='answer-id-1883690' class='answer   answerof-487660 ' value='1883690'   \/><label for='answer-id-1883690' id='answer-label-1883690' class=' answer'><span>Claims are calculated on the full principal amount of the failed payment with the interest rate imposed by the injured party<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487660[]' id='answer-id-1883691' class='answer   answerof-487660 ' value='1883691'   \/><label for='answer-id-1883691' id='answer-label-1883691' class=' answer'><span>Claims should be made for the costs incurred by the injured party and include all administration costs<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487660[]' id='answer-id-1883692' class='answer   answerof-487660 ' value='1883692'   \/><label for='answer-id-1883692' id='answer-label-1883692' class=' answer'><span>No market participant should be unjustly enriched or injured by the action\/error of another market \r\nparticipant<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-10' style=';'><div id='questionWrap-10'  class='   watupro-question-id-487661'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>10. <\/span>Dealers are authorized to deal:<\/div><input type='hidden' name='question_id[]' id='qID_10' value='487661' \/><input type='hidden' id='answerType487661' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487661[]' id='answer-id-1883693' class='answer   answerof-487661 ' value='1883693'   \/><label for='answer-id-1883693' id='answer-label-1883693' class=' answer'><span>Anywhere, even away from their own dealing premises<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487661[]' id='answer-id-1883694' class='answer   answerof-487661 ' value='1883694'   \/><label for='answer-id-1883694' id='answer-label-1883694' class=' answer'><span>After-hours, but only from their private residence<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487661[]' id='answer-id-1883695' class='answer   answerof-487661 ' value='1883695'   \/><label for='answer-id-1883695' id='answer-label-1883695' class=' answer'><span>After-hours, but only if listed as such by management<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487661[]' id='answer-id-1883696' class='answer   answerof-487661 ' value='1883696'   \/><label for='answer-id-1883696' id='answer-label-1883696' class=' answer'><span>Away from their broker's dealing premises<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-11' style=';'><div id='questionWrap-11'  class='   watupro-question-id-487662'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>11. <\/span>What does the Model Code say concerning repos and stock-lending?<\/div><input type='hidden' name='question_id[]' id='qID_11' value='487662' \/><input type='hidden' id='answerType487662' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487662[]' id='answer-id-1883697' class='answer   answerof-487662 ' value='1883697'   \/><label for='answer-id-1883697' id='answer-label-1883697' class=' answer'><span>The exact maturity dates for transactions must be agreed as soon as possible after a transaction<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487662[]' id='answer-id-1883698' class='answer   answerof-487662 ' value='1883698'   \/><label for='answer-id-1883698' id='answer-label-1883698' class=' answer'><span>All market participants should use the Modified Following Business Day Convention<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487662[]' id='answer-id-1883699' class='answer   answerof-487662 ' value='1883699'   \/><label for='answer-id-1883699' id='answer-label-1883699' class=' answer'><span>Legal documentation must be put in place as soon as possible after a transaction<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487662[]' id='answer-id-1883700' class='answer   answerof-487662 ' value='1883700'   \/><label for='answer-id-1883700' id='answer-label-1883700' class=' answer'><span>All market participants should use the Modified Previous Business Day Convention<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-12' style=';'><div id='questionWrap-12'  class='   watupro-question-id-487663'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>12. <\/span>The outright forward FX rate is not a function of which of the following?<\/div><input type='hidden' name='question_id[]' id='qID_12' value='487663' \/><input type='hidden' id='answerType487663' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487663[]' id='answer-id-1883701' class='answer   answerof-487663 ' value='1883701'   \/><label for='answer-id-1883701' id='answer-label-1883701' class=' answer'><span>The day count<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487663[]' id='answer-id-1883702' class='answer   answerof-487663 ' value='1883702'   \/><label for='answer-id-1883702' id='answer-label-1883702' class=' answer'><span>Market expectation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487663[]' id='answer-id-1883703' class='answer   answerof-487663 ' value='1883703'   \/><label for='answer-id-1883703' id='answer-label-1883703' class=' answer'><span>The spot exchange rate<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487663[]' id='answer-id-1883704' class='answer   answerof-487663 ' value='1883704'   \/><label for='answer-id-1883704' id='answer-label-1883704' class=' answer'><span>The interest rates of the two currencies<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-13' style=';'><div id='questionWrap-13'  class='   watupro-question-id-487664'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>13. <\/span>All other things being equal, if a bank borrows short and lends long, what is the effect on the liquidity risk of the bank?<\/div><input type='hidden' name='question_id[]' id='qID_13' value='487664' \/><input type='hidden' id='answerType487664' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487664[]' id='answer-id-1883705' class='answer   answerof-487664 ' value='1883705'   \/><label for='answer-id-1883705' id='answer-label-1883705' class=' answer'><span>Changes only when interest rates levels are low<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487664[]' id='answer-id-1883706' class='answer   answerof-487664 ' value='1883706'   \/><label for='answer-id-1883706' id='answer-label-1883706' class=' answer'><span>Positive<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487664[]' id='answer-id-1883707' class='answer   answerof-487664 ' value='1883707'   \/><label for='answer-id-1883707' id='answer-label-1883707' class=' answer'><span>Negative<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487664[]' id='answer-id-1883708' class='answer   answerof-487664 ' value='1883708'   \/><label for='answer-id-1883708' id='answer-label-1883708' class=' answer'><span>Changes only when interest rates levels are high<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-14' style=';'><div id='questionWrap-14'  class='   watupro-question-id-487665'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>14. <\/span>You have quoted a Swiss customer spot USD\/CHF as 1.3710-15, but he asks you to quote it as CHF\/USD. <br \/>\r<br>What do you quote?<\/div><input type='hidden' name='question_id[]' id='qID_14' value='487665' \/><input type='hidden' id='answerType487665' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487665[]' id='answer-id-1883709' class='answer   answerof-487665 ' value='1883709'   \/><label for='answer-id-1883709' id='answer-label-1883709' class=' answer'><span>1.3710-15<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487665[]' id='answer-id-1883710' class='answer   answerof-487665 ' value='1883710'   \/><label for='answer-id-1883710' id='answer-label-1883710' class=' answer'><span>0.7294-91<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487665[]' id='answer-id-1883711' class='answer   answerof-487665 ' value='1883711'   \/><label for='answer-id-1883711' id='answer-label-1883711' class=' answer'><span>0.7291-94<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487665[]' id='answer-id-1883712' class='answer   answerof-487665 ' value='1883712'   \/><label for='answer-id-1883712' id='answer-label-1883712' class=' answer'><span>None of these<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-15' style=';'><div id='questionWrap-15'  class='   watupro-question-id-487666'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>15. <\/span>What is the maximum maturity of a US Treasury bill?<\/div><input type='hidden' name='question_id[]' id='qID_15' value='487666' \/><input type='hidden' id='answerType487666' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487666[]' id='answer-id-1883713' class='answer   answerof-487666 ' value='1883713'   \/><label for='answer-id-1883713' id='answer-label-1883713' class=' answer'><span>5 years<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487666[]' id='answer-id-1883714' class='answer   answerof-487666 ' value='1883714'   \/><label for='answer-id-1883714' id='answer-label-1883714' class=' answer'><span>270 days<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487666[]' id='answer-id-1883715' class='answer   answerof-487666 ' value='1883715'   \/><label for='answer-id-1883715' id='answer-label-1883715' class=' answer'><span>One year<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487666[]' id='answer-id-1883716' class='answer   answerof-487666 ' value='1883716'   \/><label for='answer-id-1883716' id='answer-label-1883716' class=' answer'><span>183 days<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-16' style=';'><div id='questionWrap-16'  class='   watupro-question-id-487667'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>16. <\/span>What is a normal shaped curve?<\/div><input type='hidden' name='question_id[]' id='qID_16' value='487667' \/><input type='hidden' id='answerType487667' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487667[]' id='answer-id-1883717' class='answer   answerof-487667 ' value='1883717'   \/><label for='answer-id-1883717' id='answer-label-1883717' class=' answer'><span>Flat<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487667[]' id='answer-id-1883718' class='answer   answerof-487667 ' value='1883718'   \/><label for='answer-id-1883718' id='answer-label-1883718' class=' answer'><span>Steep positive slope<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487667[]' id='answer-id-1883719' class='answer   answerof-487667 ' value='1883719'   \/><label for='answer-id-1883719' id='answer-label-1883719' class=' answer'><span>Inverted<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487667[]' id='answer-id-1883720' class='answer   answerof-487667 ' value='1883720'   \/><label for='answer-id-1883720' id='answer-label-1883720' class=' answer'><span>Gradual positive slope<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-17' style=';'><div id='questionWrap-17'  class='   watupro-question-id-487668'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>17. <\/span>You borrow GBP 2,500,000.00 at 0.625% for 165 days. <br \/>\r<br>How much do you repay including interest?<\/div><input type='hidden' name='question_id[]' id='qID_17' value='487668' \/><input type='hidden' id='answerType487668' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487668[]' id='answer-id-1883721' class='answer   answerof-487668 ' value='1883721'   \/><label for='answer-id-1883721' id='answer-label-1883721' class=' answer'><span>GBP 2,507,106.16<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487668[]' id='answer-id-1883722' class='answer   answerof-487668 ' value='1883722'   \/><label for='answer-id-1883722' id='answer-label-1883722' class=' answer'><span>GBP 2,507,161.46<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487668[]' id='answer-id-1883723' class='answer   answerof-487668 ' value='1883723'   \/><label for='answer-id-1883723' id='answer-label-1883723' class=' answer'><span>GBP 2,507,006.85<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487668[]' id='answer-id-1883724' class='answer   answerof-487668 ' value='1883724'   \/><label for='answer-id-1883724' id='answer-label-1883724' class=' answer'><span>GBP 2,507,063.36<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-18' style=';'><div id='questionWrap-18'  class='   watupro-question-id-487669'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>18. <\/span>If GBP\/USD is quoted at 1.2500-04, a customer selling GBP will deal at:<\/div><input type='hidden' name='question_id[]' id='qID_18' value='487669' \/><input type='hidden' id='answerType487669' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487669[]' id='answer-id-1883725' class='answer   answerof-487669 ' value='1883725'   \/><label for='answer-id-1883725' id='answer-label-1883725' class=' answer'><span>1.2504<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487669[]' id='answer-id-1883726' class='answer   answerof-487669 ' value='1883726'   \/><label for='answer-id-1883726' id='answer-label-1883726' class=' answer'><span>1.2500<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487669[]' id='answer-id-1883727' class='answer   answerof-487669 ' value='1883727'   \/><label for='answer-id-1883727' id='answer-label-1883727' class=' answer'><span>1.2540<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487669[]' id='answer-id-1883728' class='answer   answerof-487669 ' value='1883728'   \/><label for='answer-id-1883728' id='answer-label-1883728' class=' answer'><span>1.2400<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-19' style=';'><div id='questionWrap-19'  class='   watupro-question-id-487670'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>19. <\/span>A money market deposit is best described as:<\/div><input type='hidden' name='question_id[]' id='qID_19' value='487670' \/><input type='hidden' id='answerType487670' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487670[]' id='answer-id-1883729' class='answer   answerof-487670 ' value='1883729'   \/><label for='answer-id-1883729' id='answer-label-1883729' class=' answer'><span>An unsecured placement or borrowing of funds for a fixed period<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487670[]' id='answer-id-1883730' class='answer   answerof-487670 ' value='1883730'   \/><label for='answer-id-1883730' id='answer-label-1883730' class=' answer'><span>A contract giving the right to buy a currency<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487670[]' id='answer-id-1883731' class='answer   answerof-487670 ' value='1883731'   \/><label for='answer-id-1883731' id='answer-label-1883731' class=' answer'><span>A physical exchange of securities only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487670[]' id='answer-id-1883732' class='answer   answerof-487670 ' value='1883732'   \/><label for='answer-id-1883732' id='answer-label-1883732' class=' answer'><span>A futures contract traded on a commodity exchange<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-20' style=';'><div id='questionWrap-20'  class='   watupro-question-id-487671'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>20. <\/span>Which of the following is most closely associated with settlement risk in FX?<\/div><input type='hidden' name='question_id[]' id='qID_20' value='487671' \/><input type='hidden' id='answerType487671' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487671[]' id='answer-id-1883733' class='answer   answerof-487671 ' value='1883733'   \/><label for='answer-id-1883733' id='answer-label-1883733' class=' answer'><span>One party pays away currency but does not receive the counter-currency<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487671[]' id='answer-id-1883734' class='answer   answerof-487671 ' value='1883734'   \/><label for='answer-id-1883734' id='answer-label-1883734' class=' answer'><span>The option premium changes before expiry<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487671[]' id='answer-id-1883735' class='answer   answerof-487671 ' value='1883735'   \/><label for='answer-id-1883735' id='answer-label-1883735' class=' answer'><span>The trade is entered into the wrong spreadsheet<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487671[]' id='answer-id-1883736' class='answer   answerof-487671 ' value='1883736'   \/><label for='answer-id-1883736' id='answer-label-1883736' class=' answer'><span>The yield curve becomes flat<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-21' style=';'><div id='questionWrap-21'  class='   watupro-question-id-487672'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>21. <\/span>What is the minimum basis on which a BCP should be updated and tested?<\/div><input type='hidden' name='question_id[]' id='qID_21' value='487672' \/><input type='hidden' id='answerType487672' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487672[]' id='answer-id-1883737' class='answer   answerof-487672 ' value='1883737'   \/><label for='answer-id-1883737' id='answer-label-1883737' class=' answer'><span>Whenever the BCP procedures are changed<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487672[]' id='answer-id-1883738' class='answer   answerof-487672 ' value='1883738'   \/><label for='answer-id-1883738' id='answer-label-1883738' class=' answer'><span>Every 3 months<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487672[]' id='answer-id-1883739' class='answer   answerof-487672 ' value='1883739'   \/><label for='answer-id-1883739' id='answer-label-1883739' class=' answer'><span>Every 6 months<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487672[]' id='answer-id-1883740' class='answer   answerof-487672 ' value='1883740'   \/><label for='answer-id-1883740' id='answer-label-1883740' class=' answer'><span>Yearly<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-22' style=';'><div id='questionWrap-22'  class='   watupro-question-id-487673'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>22. <\/span>You quote a price to a broker on EUR 100 million. Your price is hit for EUR 50 million. <br \/>\r<br>What does the Model Code say about this situation?<\/div><input type='hidden' name='question_id[]' id='qID_22' value='487673' \/><input type='hidden' id='answerType487673' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487673[]' id='answer-id-1883741' class='answer   answerof-487673 ' value='1883741'   \/><label for='answer-id-1883741' id='answer-label-1883741' class=' answer'><span>You have a right to qualify your quotes in terms of amounts, if you do so when you make the price<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487673[]' id='answer-id-1883742' class='answer   answerof-487673 ' value='1883742'   \/><label for='answer-id-1883742' id='answer-label-1883742' class=' answer'><span>You have a right to qualify your quotes in terms of amounts, once you have discovered the name of the counterparty for credit reasons<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487673[]' id='answer-id-1883743' class='answer   answerof-487673 ' value='1883743'   \/><label for='answer-id-1883743' id='answer-label-1883743' class=' answer'><span>You have a right to qualify your quotes in terms of amounts<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487673[]' id='answer-id-1883744' class='answer   answerof-487673 ' value='1883744'   \/><label for='answer-id-1883744' id='answer-label-1883744' class=' answer'><span>You have a right to qualify your quotes in terms of amounts, provided the amounts are marketable<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-23' style=';'><div id='questionWrap-23'  class='   watupro-question-id-487674'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>23. <\/span>Which of the following best describes an FX dealer\u2019s \u201cposition\u201d?<\/div><input type='hidden' name='question_id[]' id='qID_23' value='487674' \/><input type='hidden' id='answerType487674' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487674[]' id='answer-id-1883745' class='answer   answerof-487674 ' value='1883745'   \/><label for='answer-id-1883745' id='answer-label-1883745' class=' answer'><span>The outstanding net exposure in a currency<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487674[]' id='answer-id-1883746' class='answer   answerof-487674 ' value='1883746'   \/><label for='answer-id-1883746' id='answer-label-1883746' class=' answer'><span>The dealer\u2019s job title<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487674[]' id='answer-id-1883747' class='answer   answerof-487674 ' value='1883747'   \/><label for='answer-id-1883747' id='answer-label-1883747' class=' answer'><span>The official fixing source only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487674[]' id='answer-id-1883748' class='answer   answerof-487674 ' value='1883748'   \/><label for='answer-id-1883748' id='answer-label-1883748' class=' answer'><span>The broker\u2019s commission<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-24' style=';'><div id='questionWrap-24'  class='   watupro-question-id-487675'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>24. <\/span>What is the correct interpretation of a EUR 5,000,000.00 one-week VaR figure with a 99% confidence level?<\/div><input type='hidden' name='question_id[]' id='qID_24' value='487675' \/><input type='hidden' id='answerType487675' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487675[]' id='answer-id-1883749' class='answer   answerof-487675 ' value='1883749'   \/><label for='answer-id-1883749' id='answer-label-1883749' class=' answer'><span>A loss of at most EUR 5,000,000.00 can be expected in 1 out of the next 100 days<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487675[]' id='answer-id-1883750' class='answer   answerof-487675 ' value='1883750'   \/><label for='answer-id-1883750' id='answer-label-1883750' class=' answer'><span>A loss of at least EUR 5,000,000.00 can be expected in 99 out of the next 100 weeks<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487675[]' id='answer-id-1883751' class='answer   answerof-487675 ' value='1883751'   \/><label for='answer-id-1883751' id='answer-label-1883751' class=' answer'><span>A loss of at most EUR 5,000,000.00 can be expected in 1 out of the next 100 weeks<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487675[]' id='answer-id-1883752' class='answer   answerof-487675 ' value='1883752'   \/><label for='answer-id-1883752' id='answer-label-1883752' class=' answer'><span>A loss of at least EUR 5,000,000.00 can be expected in 1 out of the next 100 weeks<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-25' style=';'><div id='questionWrap-25'  class='   watupro-question-id-487676'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>25. <\/span>Brokers should confirm all transactions:<\/div><input type='hidden' name='question_id[]' id='qID_25' value='487676' \/><input type='hidden' id='answerType487676' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487676[]' id='answer-id-1883753' class='answer   answerof-487676 ' value='1883753'   \/><label for='answer-id-1883753' id='answer-label-1883753' class=' answer'><span>Only if the transaction is not for a marketable amount<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487676[]' id='answer-id-1883754' class='answer   answerof-487676 ' value='1883754'   \/><label for='answer-id-1883754' id='answer-label-1883754' class=' answer'><span>To both counterparties immediately by fax or other acceptable electronic means<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487676[]' id='answer-id-1883755' class='answer   answerof-487676 ' value='1883755'   \/><label for='answer-id-1883755' id='answer-label-1883755' class=' answer'><span>Only if the deal is between overseas counterparties and for value today<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487676[]' id='answer-id-1883756' class='answer   answerof-487676 ' value='1883756'   \/><label for='answer-id-1883756' id='answer-label-1883756' class=' answer'><span>Initially by fax or other acceptable electronic means, then in writing<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-26' style=';'><div id='questionWrap-26'  class='   watupro-question-id-487677'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>26. <\/span>When a broker needs to switch a name, this should be done:<\/div><input type='hidden' name='question_id[]' id='qID_26' value='487677' \/><input type='hidden' id='answerType487677' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487677[]' id='answer-id-1883757' class='answer   answerof-487677 ' value='1883757'   \/><label for='answer-id-1883757' id='answer-label-1883757' class=' answer'><span>Only after approval by the broker's senior management<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487677[]' id='answer-id-1883758' class='answer   answerof-487677 ' value='1883758'   \/><label for='answer-id-1883758' id='answer-label-1883758' class=' answer'><span>Only if the switching transaction is done at the current market rate<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487677[]' id='answer-id-1883759' class='answer   answerof-487677 ' value='1883759'   \/><label for='answer-id-1883759' id='answer-label-1883759' class=' answer'><span>Only after consultation with the local regulator<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487677[]' id='answer-id-1883760' class='answer   answerof-487677 ' value='1883760'   \/><label for='answer-id-1883760' id='answer-label-1883760' class=' answer'><span>Only provided that such transactions are identified as switching transactions<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-27' style=';'><div id='questionWrap-27'  class='   watupro-question-id-487678'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>27. <\/span>Where answer phone equipment is used for reporting and recording of off-premises transactions, it should be:<\/div><input type='hidden' name='question_id[]' id='qID_27' value='487678' \/><input type='hidden' id='answerType487678' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487678[]' id='answer-id-1883761' class='answer   answerof-487678 ' value='1883761'   \/><label for='answer-id-1883761' id='answer-label-1883761' class=' answer'><span>Secured so that reported transactions cannot be erased without senior management approval<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487678[]' id='answer-id-1883762' class='answer   answerof-487678 ' value='1883762'   \/><label for='answer-id-1883762' id='answer-label-1883762' class=' answer'><span>Secured by recordings that are stored for a suitable period<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487678[]' id='answer-id-1883763' class='answer   answerof-487678 ' value='1883763'   \/><label for='answer-id-1883763' id='answer-label-1883763' class=' answer'><span>On a number located in the office of the internal auditor<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487678[]' id='answer-id-1883764' class='answer   answerof-487678 ' value='1883764'   \/><label for='answer-id-1883764' id='answer-label-1883764' class=' answer'><span>On a special number known only to the chief dealer<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-28' style=';'><div id='questionWrap-28'  class='   watupro-question-id-487679'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>28. <\/span>How is a USD Overnight Indexed Swap settled?<\/div><input type='hidden' name='question_id[]' id='qID_28' value='487679' \/><input type='hidden' id='answerType487679' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487679[]' id='answer-id-1883765' class='answer   answerof-487679 ' value='1883765'   \/><label for='answer-id-1883765' id='answer-label-1883765' class=' answer'><span>Two days after maturity by net payment<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487679[]' id='answer-id-1883766' class='answer   answerof-487679 ' value='1883766'   \/><label for='answer-id-1883766' id='answer-label-1883766' class=' answer'><span>Periodic exchange of fixed and floating payments up to and including maturity<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487679[]' id='answer-id-1883767' class='answer   answerof-487679 ' value='1883767'   \/><label for='answer-id-1883767' id='answer-label-1883767' class=' answer'><span>After maturity by exchange of fixed and floating payments<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487679[]' id='answer-id-1883768' class='answer   answerof-487679 ' value='1883768'   \/><label for='answer-id-1883768' id='answer-label-1883768' class=' answer'><span>At maturity by net payment<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-29' style=';'><div id='questionWrap-29'  class='   watupro-question-id-487680'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>29. <\/span>Confirmations should be sent out by both counterparties through an efficient and secure means of communication, preferably electronic:<\/div><input type='hidden' name='question_id[]' id='qID_29' value='487680' \/><input type='hidden' id='answerType487680' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487680[]' id='answer-id-1883769' class='answer   answerof-487680 ' value='1883769'   \/><label for='answer-id-1883769' id='answer-label-1883769' class=' answer'><span>Within two business days of the deal<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487680[]' id='answer-id-1883770' class='answer   answerof-487680 ' value='1883770'   \/><label for='answer-id-1883770' id='answer-label-1883770' class=' answer'><span>Within 24 hours of the deal<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487680[]' id='answer-id-1883771' class='answer   answerof-487680 ' value='1883771'   \/><label for='answer-id-1883771' id='answer-label-1883771' class=' answer'><span>Before the value date<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487680[]' id='answer-id-1883772' class='answer   answerof-487680 ' value='1883772'   \/><label for='answer-id-1883772' id='answer-label-1883772' class=' answer'><span>As soon as possible<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-30' style=';'><div id='questionWrap-30'  class='   watupro-question-id-487681'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>30. <\/span>A dealer needs to buy USD against SGD. Of the following rates quoted to him, which is the best rate for him?<\/div><input type='hidden' name='question_id[]' id='qID_30' value='487681' \/><input type='hidden' id='answerType487681' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487681[]' id='answer-id-1883773' class='answer   answerof-487681 ' value='1883773'   \/><label for='answer-id-1883773' id='answer-label-1883773' class=' answer'><span>1.4320-25<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487681[]' id='answer-id-1883774' class='answer   answerof-487681 ' value='1883774'   \/><label for='answer-id-1883774' id='answer-label-1883774' class=' answer'><span>1.4318-23<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487681[]' id='answer-id-1883775' class='answer   answerof-487681 ' value='1883775'   \/><label for='answer-id-1883775' id='answer-label-1883775' class=' answer'><span>1.4315-20<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487681[]' id='answer-id-1883776' class='answer   answerof-487681 ' value='1883776'   \/><label for='answer-id-1883776' id='answer-label-1883776' class=' answer'><span>1.4323-26<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-31' style=';'><div id='questionWrap-31'  class='   watupro-question-id-487682'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>31. <\/span>On fixing date, the settlement payment of an NDF reflects the differential between the agreed forward rate and:<\/div><input type='hidden' name='question_id[]' id='qID_31' value='487682' \/><input type='hidden' id='answerType487682' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487682[]' id='answer-id-1883777' class='answer   answerof-487682 ' value='1883777'   \/><label for='answer-id-1883777' id='answer-label-1883777' class=' answer'><span>The daily high<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487682[]' id='answer-id-1883778' class='answer   answerof-487682 ' value='1883778'   \/><label for='answer-id-1883778' id='answer-label-1883778' class=' answer'><span>The day\u2019s average rate<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487682[]' id='answer-id-1883779' class='answer   answerof-487682 ' value='1883779'   \/><label for='answer-id-1883779' id='answer-label-1883779' class=' answer'><span>The fixing spot rate<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487682[]' id='answer-id-1883780' class='answer   answerof-487682 ' value='1883780'   \/><label for='answer-id-1883780' id='answer-label-1883780' class=' answer'><span>The average rate over the NDF period<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-32' style=';'><div id='questionWrap-32'  class='   watupro-question-id-487683'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>32. <\/span>If EUR\/USD is 1.1025-28 and the 6-month swap is 112.50\/113, what is the 6-month outright price?<\/div><input type='hidden' name='question_id[]' id='qID_32' value='487683' \/><input type='hidden' id='answerType487683' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487683[]' id='answer-id-1883781' class='answer   answerof-487683 ' value='1883781'   \/><label for='answer-id-1883781' id='answer-label-1883781' class=' answer'><span>1.11375-1.1141<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487683[]' id='answer-id-1883782' class='answer   answerof-487683 ' value='1883782'   \/><label for='answer-id-1883782' id='answer-label-1883782' class=' answer'><span>1.09125-1.0915<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487683[]' id='answer-id-1883783' class='answer   answerof-487683 ' value='1883783'   \/><label for='answer-id-1883783' id='answer-label-1883783' class=' answer'><span>None of these<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487683[]' id='answer-id-1883784' class='answer   answerof-487683 ' value='1883784'   \/><label for='answer-id-1883784' id='answer-label-1883784' class=' answer'><span>1.1380-1.11405<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-33' style=';'><div id='questionWrap-33'  class='   watupro-question-id-487684'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>33. <\/span>Which of the following statements about Credit Default Swaps is correct?<\/div><input type='hidden' name='question_id[]' id='qID_33' value='487684' \/><input type='hidden' id='answerType487684' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487684[]' id='answer-id-1883785' class='answer   answerof-487684 ' value='1883785'   \/><label for='answer-id-1883785' id='answer-label-1883785' class=' answer'><span>CDS provide protection against specified credit events to the party receiving the CDS premium payments<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487684[]' id='answer-id-1883786' class='answer   answerof-487684 ' value='1883786'   \/><label for='answer-id-1883786' id='answer-label-1883786' class=' answer'><span>CDS provide protection against the default of the trade counterparty that buys the CDS<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487684[]' id='answer-id-1883787' class='answer   answerof-487684 ' value='1883787'   \/><label for='answer-id-1883787' id='answer-label-1883787' class=' answer'><span>CDS provide compensation to the protection buyer, should a specified credit event occur to a third party entity<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487684[]' id='answer-id-1883788' class='answer   answerof-487684 ' value='1883788'   \/><label for='answer-id-1883788' id='answer-label-1883788' class=' answer'><span>CDS are used to recover funds from defaulted swap counterparties<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-34' style=';'><div id='questionWrap-34'  class='   watupro-question-id-487685'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>34. <\/span>The bid-offer spread in an FX quotation mainly represents:<\/div><input type='hidden' name='question_id[]' id='qID_34' value='487685' \/><input type='hidden' id='answerType487685' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487685[]' id='answer-id-1883789' class='answer   answerof-487685 ' value='1883789'   \/><label for='answer-id-1883789' id='answer-label-1883789' class=' answer'><span>The dealer\u2019s transaction margin and market liquidity conditions<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487685[]' id='answer-id-1883790' class='answer   answerof-487685 ' value='1883790'   \/><label for='answer-id-1883790' id='answer-label-1883790' class=' answer'><span>The central bank official rate<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487685[]' id='answer-id-1883791' class='answer   answerof-487685 ' value='1883791'   \/><label for='answer-id-1883791' id='answer-label-1883791' class=' answer'><span>The annual interest rate only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487685[]' id='answer-id-1883792' class='answer   answerof-487685 ' value='1883792'   \/><label for='answer-id-1883792' id='answer-label-1883792' class=' answer'><span>The tax rate on the currency<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-35' style=';'><div id='questionWrap-35'  class='   watupro-question-id-487686'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>35. <\/span>Which of the following is true regarding the consummation of a deal?<\/div><input type='hidden' name='question_id[]' id='qID_35' value='487686' \/><input type='hidden' id='answerType487686' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487686[]' id='answer-id-1883793' class='answer   answerof-487686 ' value='1883793'   \/><label for='answer-id-1883793' id='answer-label-1883793' class=' answer'><span>Written confirmations always override terms verbally agreed to<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487686[]' id='answer-id-1883794' class='answer   answerof-487686 ' value='1883794'   \/><label for='answer-id-1883794' id='answer-label-1883794' class=' answer'><span>Verbal agreements are considered binding<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487686[]' id='answer-id-1883795' class='answer   answerof-487686 ' value='1883795'   \/><label for='answer-id-1883795' id='answer-label-1883795' class=' answer'><span>Deals agreed to verbally can be done subject to documentation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487686[]' id='answer-id-1883796' class='answer   answerof-487686 ' value='1883796'   \/><label for='answer-id-1883796' id='answer-label-1883796' class=' answer'><span>Verbal agreements are never to be considered legally binding<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-36' style=';'><div id='questionWrap-36'  class='   watupro-question-id-487687'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>36. <\/span>3-month USD\/CHF is quoted at 12\/10. Interest rates in Switzerland are reduced but USD rates, which are higher, are unchanged. <br \/>\r<br>What would you expect the 3-month forward USD\/CHF rate to be?<\/div><input type='hidden' name='question_id[]' id='qID_36' value='487687' \/><input type='hidden' id='answerType487687' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487687[]' id='answer-id-1883797' class='answer   answerof-487687 ' value='1883797'   \/><label for='answer-id-1883797' id='answer-label-1883797' class=' answer'><span>Unchanged<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487687[]' id='answer-id-1883798' class='answer   answerof-487687 ' value='1883798'   \/><label for='answer-id-1883798' id='answer-label-1883798' class=' answer'><span>10\/8<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487687[]' id='answer-id-1883799' class='answer   answerof-487687 ' value='1883799'   \/><label for='answer-id-1883799' id='answer-label-1883799' class=' answer'><span>15\/13<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487687[]' id='answer-id-1883800' class='answer   answerof-487687 ' value='1883800'   \/><label for='answer-id-1883800' id='answer-label-1883800' class=' answer'><span>6\/4<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-37' style=';'><div id='questionWrap-37'  class='   watupro-question-id-487688'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>37. <\/span>What do you call a combination of a long call option and short put option, or a short call option and long put option, with the same face value, same expiration date, same style, where the strike price is equal to the forward price?<\/div><input type='hidden' name='question_id[]' id='qID_37' value='487688' \/><input type='hidden' id='answerType487688' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487688[]' id='answer-id-1883801' class='answer   answerof-487688 ' value='1883801'   \/><label for='answer-id-1883801' id='answer-label-1883801' class=' answer'><span>A straddle<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487688[]' id='answer-id-1883802' class='answer   answerof-487688 ' value='1883802'   \/><label for='answer-id-1883802' id='answer-label-1883802' class=' answer'><span>A synthetic forward<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487688[]' id='answer-id-1883803' class='answer   answerof-487688 ' value='1883803'   \/><label for='answer-id-1883803' id='answer-label-1883803' class=' answer'><span>A strangle<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487688[]' id='answer-id-1883804' class='answer   answerof-487688 ' value='1883804'   \/><label for='answer-id-1883804' id='answer-label-1883804' class=' answer'><span>Risk reversal<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-38' style=';'><div id='questionWrap-38'  class='   watupro-question-id-487689'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>38. <\/span>If the yield curve is upward sloping, a bank would not profit from:<\/div><input type='hidden' name='question_id[]' id='qID_38' value='487689' \/><input type='hidden' id='answerType487689' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487689[]' id='answer-id-1883805' class='answer   answerof-487689 ' value='1883805'   \/><label for='answer-id-1883805' id='answer-label-1883805' class=' answer'><span>Borrowing long and lending short<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487689[]' id='answer-id-1883806' class='answer   answerof-487689 ' value='1883806'   \/><label for='answer-id-1883806' id='answer-label-1883806' class=' answer'><span>Borrowing short and lending long<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487689[]' id='answer-id-1883807' class='answer   answerof-487689 ' value='1883807'   \/><label for='answer-id-1883807' id='answer-label-1883807' class=' answer'><span>Paying a higher rate on deposits than the market<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487689[]' id='answer-id-1883808' class='answer   answerof-487689 ' value='1883808'   \/><label for='answer-id-1883808' id='answer-label-1883808' class=' answer'><span>Increasing the bank\u2019s leverage<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-39' style=';'><div id='questionWrap-39'  class='   watupro-question-id-487690'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>39. <\/span>When a broker calls off at the very instant a dealer hits the broker's price:<\/div><input type='hidden' name='question_id[]' id='qID_39' value='487690' \/><input type='hidden' id='answerType487690' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487690[]' id='answer-id-1883809' class='answer   answerof-487690 ' value='1883809'   \/><label for='answer-id-1883809' id='answer-label-1883809' class=' answer'><span>The transaction should not be concluded<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487690[]' id='answer-id-1883810' class='answer   answerof-487690 ' value='1883810'   \/><label for='answer-id-1883810' id='answer-label-1883810' class=' answer'><span>The broker decides whether or not the deal is done<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487690[]' id='answer-id-1883811' class='answer   answerof-487690 ' value='1883811'   \/><label for='answer-id-1883811' id='answer-label-1883811' class=' answer'><span>ACI's Committee for Professionalism will decide whether the transaction should be concluded<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487690[]' id='answer-id-1883812' class='answer   answerof-487690 ' value='1883812'   \/><label for='answer-id-1883812' id='answer-label-1883812' class=' answer'><span>The transaction should be concluded<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-40' style=';'><div id='questionWrap-40'  class='   watupro-question-id-487691'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>40. <\/span>An FX outright forward rate is:<\/div><input type='hidden' name='question_id[]' id='qID_40' value='487691' \/><input type='hidden' id='answerType487691' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487691[]' id='answer-id-1883813' class='answer   answerof-487691 ' value='1883813'   \/><label for='answer-id-1883813' id='answer-label-1883813' class=' answer'><span>The spot rate adjusted by forward points<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487691[]' id='answer-id-1883814' class='answer   answerof-487691 ' value='1883814'   \/><label for='answer-id-1883814' id='answer-label-1883814' class=' answer'><span>The central bank rate plus tax<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487691[]' id='answer-id-1883815' class='answer   answerof-487691 ' value='1883815'   \/><label for='answer-id-1883815' id='answer-label-1883815' class=' answer'><span>The option strike minus premium<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487691[]' id='answer-id-1883816' class='answer   answerof-487691 ' value='1883816'   \/><label for='answer-id-1883816' id='answer-label-1883816' class=' answer'><span>The repo rate minus haircut<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div style='display:none' id='question-41'>\n\t<div class='question-content'>\n\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\" alt=\"Loading...\" title=\"Loading...\" \/>&nbsp;Loading...\t<\/div>\n<\/div>\n\n<br \/>\n\t\n\t\t\t<div class=\"watupro_buttons flex \" id=\"watuPROButtons12532\" >\n\t\t  <div id=\"prev-question\" style=\"display:none;\"><input type=\"button\" value=\"&lt; Previous\" onclick=\"WatuPRO.nextQuestion(event, 'previous');\"\/><\/div>\t\t  \t\t  \t\t   \n\t\t   \t  \t\t<div><input type=\"button\" name=\"action\" class=\"watupro-submit-button\" onclick=\"WatuPRO.submitResult(event)\" id=\"action-button\" value=\"View Results\"  \/>\n\t\t<\/div>\n\t\t<\/div>\n\t\t\n\t<input type=\"hidden\" name=\"quiz_id\" value=\"12532\" id=\"watuPROExamID\"\/>\n\t<input type=\"hidden\" name=\"start_time\" id=\"startTime\" value=\"2026-06-22 10:54:36\" \/>\n\t<input type=\"hidden\" name=\"start_timestamp\" id=\"startTimeStamp\" value=\"1782125676\" \/>\n\t<input type=\"hidden\" name=\"question_ids\" value=\"\" \/>\n\t<input type=\"hidden\" name=\"watupro_questions\" value=\"487652:1883656,1883657,1883658,1883659 | 487653:1883660,1883661,1883662,1883663 | 487654:1883664,1883665,1883666,1883667 | 487655:1883668,1883669,1883670,1883671 | 487656:1883672,1883673,1883674,1883675 | 487657:1883676,1883677,1883678,1883679,1883680 | 487658:1883681,1883682,1883683,1883684 | 487659:1883685,1883686,1883687,1883688 | 487660:1883689,1883690,1883691,1883692 | 487661:1883693,1883694,1883695,1883696 | 487662:1883697,1883698,1883699,1883700 | 487663:1883701,1883702,1883703,1883704 | 487664:1883705,1883706,1883707,1883708 | 487665:1883709,1883710,1883711,1883712 | 487666:1883713,1883714,1883715,1883716 | 487667:1883717,1883718,1883719,1883720 | 487668:1883721,1883722,1883723,1883724 | 487669:1883725,1883726,1883727,1883728 | 487670:1883729,1883730,1883731,1883732 | 487671:1883733,1883734,1883735,1883736 | 487672:1883737,1883738,1883739,1883740 | 487673:1883741,1883742,1883743,1883744 | 487674:1883745,1883746,1883747,1883748 | 487675:1883749,1883750,1883751,1883752 | 487676:1883753,1883754,1883755,1883756 | 487677:1883757,1883758,1883759,1883760 | 487678:1883761,1883762,1883763,1883764 | 487679:1883765,1883766,1883767,1883768 | 487680:1883769,1883770,1883771,1883772 | 487681:1883773,1883774,1883775,1883776 | 487682:1883777,1883778,1883779,1883780 | 487683:1883781,1883782,1883783,1883784 | 487684:1883785,1883786,1883787,1883788 | 487685:1883789,1883790,1883791,1883792 | 487686:1883793,1883794,1883795,1883796 | 487687:1883797,1883798,1883799,1883800 | 487688:1883801,1883802,1883803,1883804 | 487689:1883805,1883806,1883807,1883808 | 487690:1883809,1883810,1883811,1883812 | 487691:1883813,1883814,1883815,1883816\" \/>\n\t<input type=\"hidden\" name=\"no_ajax\" 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