A UK Treasury Bill has 91 days to maturity. Its redemption value is GBP 10,000.00. What is the purchase price of this bill using a discount rate of 6% per annum?

A. GBP 9,400.00

B. GBP 9,852.22

C. GBP 9,850.41

D. GBP 9,848.33

Which of the following is essential for the effective and timely execution of outward payments?

A. confirmation of the exact processing time of the payment order with the central bank of your counterparty

B. the strict adherence to the cut-off times of your domestic payment system

C. confirmation of the time of processing of the payment order with your own central bank

D. the strict adherence to the cut-off times for payments made worldwide

What are the communication channels most often used for investigations?

A. secured videoconferencing

B. mail, telex

C. phone, SWIFT

D. fax

In the absence of his normal dealer contact, a counterparty calls the back office and asks the clerk for his opinion about how long his money should be placed on deposit. What action should the back office clerk take?

A. He should give his opinion.

B. He should give his opinion and tell the counterparty that he is not qualified to do so.

C. He should tell the counterparty that he is not qualified to give an opinion and refer the counterparty to another dealer.

D. He should give his opinion and refer the counterparty to another dealer.

The exercise price (strike price) of an option contract is:

A. the price of the underlying instrument at the time of the transaction

B. the price at which the transaction on the underlying instrument will be carried out if the option is exercised

C. the price the buyer of the option pays to the seller when entering into the options trade

D. the price at which the two counterparties can close out their position