3I0-013 Exam Question and Answer

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Question: 4

What does ISDA stand for?

  1. International Swaps and Derivatives Association
  2. Integrated System Data Association
  3. International Swap Derivatives Agreement
  4. International Swaps Dealer Association


Answer: A

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Question: 2

A broker:

  1. Is an agent who mediates between buyers and sellers, for their mutual financial interest
  2. Controls country limits in cooperation with the compliance officer
  3. Is responsible for reducing transaction fees
  4. Acts as a correspondent bank


Answer: A

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Question: 5

What is volatility?

  1. The difference between the current price of an asset and its previous close
  2. A statistical measure of price fluctuations as an annualized percentage
  3. The measure of the liquidity of a contract or security
  4. The difference between the annual high and low of a security


Answer: B

Question: 2

A broker:

  1. Is an agent who mediates between buyers and sellers, for their mutual financial interest
  2. Controls country limits in cooperation with the compliance officer
  3. Is responsible for reducing transaction fees
  4. Acts as a correspondent bank


Answer: A