Click on the Detail Button to view the Formula Sheet. Convert 8.25% quoted on a semi-annually compounded money market basis for USD to the equivalent annually-compounded bond basis.

A. 8.30%

B. 8.52%

C. 8.54%

D. 8.69%

Click on the Detail Button to view the Formula Sheet. If GBP/USD is quoted to you at 1.6120-30, how much GBP would you receive if you sold USD 2,000,000 ?

A. 1,239,925.60

B. 1,237,873.80

C. 1,240,694.79

D. 1,242,720.50

Click on the Detail Button to view the Formula Sheet. The Committee for Professionalism strongly recommends intra-day oral deal checks to help reduce the number and size of differences, particularly when dealing through voice-brokers, for deals involving foreign counterparties, in faster moving markets such as FX and when dealing in other instruments which have very short settlement periods. This checking should:

A. Be carried out at least three times a day.

B. Be agreed between the parties.

C. Be done at the end of each day.

D. Be decided by the broker.

Click on the Detail Button to view the Formula Sheet. When dealing with customers, financial market professionals are advised by the Model Code to clarify that all transactions are entered into solely at each partys risk by explicitly agreeing in writing that:

A. The customer understands the structure of the transaction.

B. The customer has made its own assessment and independent decision to enter into the transaction and is doing so at its own risk and for its own account.

C. No fiduciary or advisory relationship exists between the parties, and all the information is has received is not to be construed as investment advice or a recommendation to transact.

D. All of the above.

Click on the Detail Button to view the Formula Sheet. Where the Committee for Professionalism of the ACI has been notified of a breach of the letter or spirit of the Model Code, it

A. Will examine the complaint.

B. May consult with the local ACI.

C. Will bring the matter to the attention of the local regulator.

D. None of the above.