The market is quoting:

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The market is quoting:
6-month (182-day) CAD 1.25%
12-month (366-day) CAD 1.55%
What is the 6x12 rate in CAD?
A. 0.300%
B. 0.946%
C. 1.935%
D. 1.835%

Answer : D



Todays spot value date is the 30th of June. What is the maturity date of a 2-month EUR deposit deal today? Assume no bank holidays.
A. 27th August
B. 30th August
C. 31st August
D. 1 September

Answer : C



Lending for 3 months and borrowing for 6 months creates a 3x6 forward-forward deposit.
The cost of that deposit is called:
A. Implicit nominal rate
B. Implied forward rate
C. Funding rate
D. Effective future rate

Answer : B



What is the maximum maturity of an unsecured USCP?
A. One year
B. 270 days
C. 183 days
D. 5 years

Answer : B



Which of the following is typical of liquid assets held by banks under prudential requirements?
A. prices increase during a systemic crisis
B. return on investment is relatively high
C. absence of active market makers
D. wide bid/offer spreads


Answer : A