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Exam Code: 9L0-505
Exam Name: Apple (APPLE 9L0-505)
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Total Q&A: 84 Questions and Answers
Last Update: 2013-11-01

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NO.1 You want to restrict managed user Jim from using Safari in the local /Applications directory on a
managed computer to which he has access. Which of these are valid ways to accomplish this goal?
(Choose all that apply.)
A.Using the Get Info window, lock Safari on Jim's computer.
B.Using Workgroup Manager, disable Jim's ability to open applications on the local volume.
C.Using Workgroup Manager, remove Safari from the list of Jim's allowed applications.
D.Using the Get Info window for Safari, set the application's privileges to None for user Jim.
E.Using Workgroup Manager, set up Safari to require an administrator password for launching.
Correct:B C

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NO.2 What is one reason to prefer an AFP share point over an NFS share point for storing home
directories?
A.NFS volumes must be mounted manually.
B.AFP volumes are easier to search than NFS volumes.
C.AFP provides user-level authentication access security.
D.NFS share points do not support group-level Read & Write permissions.
Correct:C

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NO.3 What is the MAXIMUM number of computers you can import into a computer list?
A.3,000
B.2,000
C.700
D.99
E.10
Correct:B

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NO.4 The NetBoot Filters feature in Mac OS X Server v10.3 lets you ________.
A.look up the IP address of a computer, based on its host name
B.deny NetBoot access to select computers, based on their IP address
C.allow NetBoot access to select computers, based on their IP address
D.allow NetBoot access to select computers, based on their hardware address
Correct:D

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NO.5 You manage the Dock position for user Sarah so it appears on the left of her screen. You
manage the Dock position for the workgroup, Arts, of which Sarah is a member, so that the Dock
appears on the right side of members' screens. Where does the Dock appear when Sarah logs in
as a member of the Arts workgroup?
A.left side of the screen
B.right side of the screen
C.When there is a conflict between user and workgroup preferences, the default value of the preference
is used. The default Dock position is at the bottom of the screen.
D.If you are managing the Dock position for the computer list account in which the Arts workgroup is a
member, the Dock position will be the same as the one defined for the computer list. If you are not
managing the Dock position for the computer list, the Dock appears on the right.
Correct:A

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NO.6 Which of these computers can start up from a NetBoot image hosted by Mac OS X Server v10.3?
(Choose all that apply.)
A.Power Macintosh G3 (233 MHz, beige model)
B.Power Macintosh G3 (Blue & White)
C.iMac G3 (Tray Loading)
D.iMac (Slot Loading)
E.Power Mac G4
F.Power Mac G5
G.Xserve
H.iBook
Correct:D E F G H

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NO.7 Which are valid methods for starting up a Mac OS X client computer from a NetBoot disk image?
(Choose all that apply.)
A.Hold down the N key when starting up the computer.
B.Hold down the Command-Option-P-R keys when starting up the computer.
C.Select a specific NetBoot disk image in the Startup Disk pane of System Preferences.
D.Choose "Start from NetBoot Disk Image" from the Login Items pane of System Preferences.
E.Hold down the Shift key when starting up, and choose a NetBoot server from the Startup Manager
screen's pop-up menu.
Correct:A C

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NO.8 You have defined managed preferences for the Guest Computers account in Workgroup
Manager. Those preferences apply to ________.
A.computers named on the Guest Computers list, only
B.any computer from which a user connects to the server with Guest access
C.any computer that is not a member of a named computer list on the server
D.computers that are members of computer lists that have Guest access to the server
Correct:C

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NO.9 Which TWO statements are true of mobile user accounts? (Choose TWO.)
A.A mobile user account works on iBook and PowerBook computers only.
B.Account information is stored both in a shared domain and locally, on the user's computer.
C.You create a mobile user by selecting "Mobile User" in the Advanced pane of Workgroup Manager.
D.A mobile user has two home folders, a local folder and a network folder, both of which Mac OS X Server
v10.3 keeps synchronized, so they contain the same set of data.
E.If not connected to a network, a mobile user logs in to his computer using the local copy of the mobile
account information. When connected to the network, however, the operating system authenticates the
user using the account information stored on a shared domain.
Correct:B E

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NO.10 Tim has a network user account on a Mac OS X Server v10.3 computer. The system
administrator has given Tim a disk quota of 100 MB. This quota applies only to files that are
owned by ________, and are located ________.
A.Tim; in Tim's home folder
B.any user; in Tim's home folder
C.Tim; on the partition where Tim's home folder resides
D.Tim; on the share point where Tim's home folder resides
Correct:C

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Exam Code: 9L0-619
Exam Name: Apple (Mac OS X Deployment v10.5 Exam)
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Total Q&A: 91 Questions and Answers
Last Update: 2013-11-01

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NO.1 Which statement best defines the term "bundle" as it applies to the Mac OS X v10.5 file system?
A. A folder that is invisible in the Finder
B. A folder of files that the Finder displays as a single file
C. A folder of files that have been gathered and organized for deployment
D. A hierarchical directory structure containing resources geared for a specific purpose
Answer: D

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NO.2 As an Apple Certified System Administrator in Apple.com .You are defining a workflow in Automator
that will automate the creation of custom NetBoot service images. Which statement is true?
A. The workflow must use actions available in Automator's System library.
B. Workflow creating NetInstall images can use The "Add User Account" action.
C. The results of one Automator action become the input to the next action in the workflow.
D. The workflow can branch based on the results of an action, causing just one of several defined actions
to be performed next.
Answer: C

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NO.3 As an Apple Certified System Administrator in Apple.com.Your company has a Mac OS X Server
v10.5 computer. Which process should you use to implement software updates to client computers?
A. You should swupd_syncd
B. You should swsvrd_updated
C. You should useupdated
D. You should use httpd-1.3
Answer: D

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NO.4 As an Apple Certified System Administrator in Apple.com, what should you do to synchronize the local
Software Update service catalog with Apple's public Software Update servers?
A. You should use command-line tool swupd
B. You should use command-line tool swsvrd
C. You should use command-line tool swupd_syncd
D. You should use command-line tool swsvrd_updated
Answer: C

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NO.5 There is one folder named ~/Library/Preferences/ByHost/ on a Mac OS X v10.5 computer. Please point
out what information is stored in it.
A. The computer's hardware settings
B. The user preferences that are tied to specific computers
C. The computer's license information
D. The access control lists specifying the local files to which network users have Read/Write access
Answer: B

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NO.6 As an Apple Certified System Administrator in Apple.com.Your company has two Mac OS X Server
v10.5 computers as Software Update servers. You want the Software Update service on one computer to
retrieve available software updates from the other, instead of both computers downloading updates from
Apple's public Software Update servers.What should you do?
A. You should edit the file /etc/swupd/swupd.conf
B. You should edit the file /etc/swupd/swupd.plist
C. You should edit the file /usr/share/swupd/html/index.sucatalog
D. You should edit the file /Library/Preferences/com.apple.SoftwareUpdate.plist
Answer: B

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NO.7 As an Apple Certified System Administrator in Apple.com.You are using System Image Utility to
configure a workflow used to create a NetInstall image. Which Automator action should you add to the
workflow if you want to specify that the finished image can be installed only on MacBook Pro computers?
A. You should add Define Image Source action
B. You should add Filter Computer Models action
C. You should add Filter Clients by IP Address action
D. You should add Customize Package Selection action
Answer: B

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NO.8 As an Apple Certified System Administrator in Apple.com. Your company has a Mac OS X Server
v10.5 computer. What should you do to display a list of the files installed by a flattened installation
package named "OfficeFiles.pkg"?
A. You should type pkgutil ---payload-files OfficeFiles.pkg and press Return in terminal.
B. You should open the OfficeFiles.pkg file in PackageMaker and choose List Files from the File menu.
C. You should choose Convert from the File menu, select the OfficeFiles.pkg file, then choose Bundle
from File Type pop-up menu, and click Save.
D. You should Control-click the OfficeFiles.pkg file, choose Show Package Contents from the pop-up
menu, and then double-click the Archive.bom file.
Answer: A

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NO.9 As an Apple Certified System Administrator in Apple.com. What can you perform with an Apple Remote
Desktop task server?
A. You can check the client information.
B. You can check the local network for ARD client computers.
C. You can arrange tasks for offline client computers.
D. You can turn on powered-down client computers using the Lights Out Management protocol.
Answer: C

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NO.10 As an Apple Certified System Administrator in Apple.com.Your company has a Mac OS X Server
v10.5 computer. An Internet-enabled disk image is a disk image that has been configured to copy its
contents to the volume where it is opened, and then move itself to the Trash.
A. TRUE
B. FASLE
Answer: A

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NO.11 A Mac OS X Server v10.5 computer has the MAC address 0020114dbcef,the serial number
ABCD1234XYZ, and the IP address 10.0.0.4, which resolves to myserver.Apple.com. Which file will Mac
OS X Server use to automatically configure the computer?
A. 10.0.4.plist
B. ABCD12.plist
C. myserver.plist
D. 0020114d.plist
Answer: C

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NO.12 In Mac OS X v10.5, which tool do you use to restore a multicasted image to a target volume?
A. asr
B. hdiutil
C. diskutil
D. Disk Utility
E. System Image Utility
Answer: A

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NO.13 As an Apple Certified System Administrator in Apple.com.Your company has a Mac OS X Server
v10.5 computer. And a metapackage is an installation package that contains installation scripts but no
installable files
A. TRUE
B. FASLE
Answer: B

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NO.14 As an Apple Certified System Administrator in Apple.com.Your company has a Mac OS X Server
v10.5 computer. And a metapackage is an installation package that contains or references other
installation packages.
A. TRUE
B. FASLE
Answer: A

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NO.15 As an Apple Certified System Administrator in Apple.com. You should find a method to enforce
software usage policies. What should you do?
A. You should disable personal file sharing on all client computers.
B. You should disable port 548 on the main firewall to prevent access to external AFP sites.
C. You should enable port 8080 on the main firewall to prevent access to external AFP sites.
D. You should bind all client computers to a directory server and use preference management to manage
application access.
Answer: D

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NO.16 As an Apple Certified System Administrator in Apple.com. You need distribute a bundle over a network.
Which factor will be the barrier for this process?
A. While transmitting through the network, the bundle will lose its resource fork.
B. User download will need huge network bandwidth for you cannot compress bundles,
C. Copying a bundle to multiple computers simultaneously through Apple Remote Desktop is impossible.
D. Users may accidentally download only a portion of a bundle when copying it to or from a server.
Answer: D

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NO.17 Which command-line tool can display the ID of a specific installation package?
A. pkgs
B. pkgutil
C. swupdate
D. packagemaker
Answer: B

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NO.18 As an Apple Certified System Administrator in Apple.com.Your company has a Mac OS X Server
v10.5 computer. Which utility should you use to create images for NetBoot service?
A. You should use Memory Check Utility
B. You should use Disk Utility
C. You should use System Image Utility
D. You should use NetBoot Imaging Utility
Answer: C

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NO.19 Your organization has 100 Intel iMac computers. You are creating a NetInstall image on a Mac OS X
Server v10.5 computer. Which Automator action should you add if you want to specify that the finished
image can be accessed only by a specific subset of your iMac computers?
A. Define Image Source
B. Filter Computer Models
C. Filter Clients by IP Address
D. Customize Package Selection
E. Filter Clients by MAC Address
F. Apply System Configuration Settings
Answer: E

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NO.20 What is the main difference between a sparse bundle disk image and a sparse disk image?
A. The image data in a sparse bundle disk image is stored in single file, but the image data in a sparse
disk image is stored in multiple files.
B. The image data in a sparse bundle disk image is stored in multiple files, while the image data in a
sparse disk image is stored in a single file.
C. A sparse bundle disk image must be formatted as an HFS volume, while a sparse disk image may use
any format available for a Mac OS X volume.
D. As more files are added to a sparse bundle disk image, its file size increases, unlike a sparse disk
image, whose file size remains static as files are added.
Answer: B

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Exam Code: 9L0-511
Exam Name: Apple (ACTC 10.6 Recertification Exam)
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Total Q&A: 181 Questions and Answers
Last Update: 2013-11-01

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NO.1 Which task is NOT performed by loginwindow when a user logs in?
A. Launch Dock and Finder.
B. Launch Login Items specified in Accounts preferences.
C. Scan for new peripheral devices and register them with Launch Services.
D. Configure input device and system settings according to System Preferences.
Answer: C

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NO.2 Authorization verifies ________.
A. a file's creator and type
B. a user's name and password
C. a resources availability to a user account
D. a computer's membership in a computer list
Answer: C

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NO.3 You are the administrator of a Mac OS X Server v10.6 computer. In Server Admin, you click
the
Archive button for the Open Directory service. Which of these databases will NOT be archived?
A. Kerberos
B. LDAP Directory
C. Active Directory
D. Password Server
E. Local directory domain
Answer: C

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NO.4 In a default installation of Mac OS X, which user accounts can run the sudo command?
A. User accounts defined in the /var/sudoers file.
B. User accounts defined as members of the staff group.
C. User accounts defined as members of the admin group.
D. User accounts that have the Terminal application listed in the System tab of Parental Controls
preferences.
Answer: C

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NO.5 Which utility should you use to manage preferences assigned to computer accounts?
A. Server Admin
B. Directory Utility
C. Server Preferences
D. Workgroup Manager
Answer: D

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NO.6 Which statement presents a benefit of protected memory?
A. Applications that crash automatically save open files.
B. Data in memory used by running applications is encrypted.
C. Applications that crash have the data in memory saved to a new file.
D. Applications that crash do not adversely affect other running applications.
Answer: D

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NO.7 How does the Finder in Mac OS X v10.6 identify the application it will use to open a file?
A. The Finder queries the Spotlight index.
B. The Finder consults a directory of Spotlight plug-ins provided by each application.
C. The Finder queries the volume catalog stored on the Mac OS Extended file system.
D. The Finder queries Launch Services, which queries a database in /Library/Caches/.
Answer: D

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NO.8 Which information must you know about a corporate VPN server before configuring the VPN
software on a user's computer to access the corporate network?
A. If the corporate VPN server supports PPPoE
B. If the corporate VPN server supports DNSsec
C. If the corporate VPN server supports L2TP or PPTP
D. Which network protocols will be encrypted by the corporate VPN
Answer: C

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NO.9 Where do you configure a Mac OS X v10.6 client computer to allow it to access contact
information provided by
the Address Book service on a Mac OS X Server computer?
A. In the Contacts pane in Directory
B. In the Contacts pane in Directory Utility
C. In the Accounts pane in Address Book preferences
D. In Login Options in the Accounts pane of System Preferences
Answer: C

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NO.10 You enter the command rm -R /Applications/Exec.app in the default shell in a Mac OS X
Terminal
window. What role does the string "/Applications/Exec.app" play in this command?
A. A flag that redirects the command
B. A switch that modifies the argument
C. An option that modifies the command
D. The command that the shell executes
E. The argument that the command acts on
Answer: E

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Exam Code: 9L0-063
Exam Name: Apple (Mac OS X v10.7 Troubleshooting Exam)
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Total Q&A: 65 Questions and Answers
Last Update: 2013-11-01

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NO.1 A customer running OS X Lion would like to set up a Firmware Password. Where can they find the
Firmware Password Utility?
A.In the Utilities folder on their startup disk.
B.In the Applications folder on their startup disk.
C.In the Security & Privacy Systems Preference pane.
D.In the Utilities menu when booted to the Recovery HD.
Answer: D

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NO.2 Which of the following Intel Processors are supported for install of OS X Lion?
A.Intel Core Solo
B.Intel Core Duo
C.Intel Core 2 Duo
D.Any Intel Processor
Answer: C

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NO.3 What is the recommended version of OS X Snow Leopard before installing OS X Lion?
A.10.6.1
B.10.6.3
C.10.6.4
D.10.6.8
Answer: D

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NO.4 If you choose to install OS X Lion on a RAID volume, which of the following features will be disabled?
SELECT TWO:
A.Time Machine
B.Full Disk Encryption
C.Recovery HD partition
D.Resetting a lost password
E.Migration Assistant data transfer from a Windows PC
Answer: B, C

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NO.5 What new feature of OS X Lion allows a customer to reset their login password without having to startup
from the Recovery HD?
A.Safe Boot.
B.EFI reset mode.
C.Single User mode.
D.Reset a password using an Apple ID.
Answer: D

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NO.6 Please examine the image above.
A customer with a MacBook Air (13-inch, Mid 2011) sees this image on their screen. What would cause
their Mac to display this image at startup?
A.Lion Internet Recovery has started downloading the Recovery HD image.
B.The Mac is starting up from the Recovery HD.
C.EFI has detected a hardware issue.
D.Apple Hardware Test is loading.
Answer: A

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NO.7 A customer has purchased a MacBook Air (13-inch Mid 2011).They set the Mac up without transferring
any of their personal data.A few days later they realize they need the contents of their previous machines
Users folder. How can they easily obtain the data from their older Macbook?
A.Boot to the Recovery HD to run the Migration Assistant.
B.Use the Finder to manually migrate the files via Wi-Fi or ethernet.
C.The customer will have to purchase the Migration Assistant at the Mac App Store.
D.The Migration Assistant is stored in the Utilities folder and can be run at any time.
Answer: D

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NO.8 A customer upgrades their Mac to OS X Lion but still wishes to run applications written for the PowerPC.
Choose the best solution for this issue:
A.Erase the hard drive and reinstall OS X Snow Leopard.
B.Download Rosetta by purchasing it at the Mac App Store.
C.PowerPC applications are no longer supported regardless of OS X version.
D.Create a dual boot configuration with OS X Snow Leopard on one partition and OS X Lion on another.
Answer: D

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NO.9 Which of the following is a software tool is NOT available on the Recovery HD?
A.Disk Utility
B.Network Utility
C.Activity Monitor
D.Restore from a Time Machine backup
Answer: C

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NO.10 A customer uses her MacBook late at night and occasionally has to restart.Despite having muted the
speaker volume, the MacBook always plays the startup chime loudly. What step should you try first to
resolve this issue?
A.Reset the SMC.
B.Reinstall OS X Lion.
C.Repair disk permissions.
D.Reset the PRAM/NVRAM.
Answer: D

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Total Q&A: 124 Questions and Answers
Last Update: 2013-11-01

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NO.1 The liquid cooling system inside a Power Mac G5 (Quad Late 2005) has failed, causing a
coolant
leak while the computer is on. According to Apple references, what should you do FIRST?
A. Use a patch kit to re-seal the leak.
B. Unplug the computer immediately.
C. Drain and refill the liquid cooling system.
D. Put the computer to sleep until the liquid dries.
E. Let the computer run overnight to evaporate any spilled liquid.
Answer: B

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NO.2 The purpose of Apple's business conduct helpline is to _____.
A. ask technical support questions
B. report damaged service parts to Apple
C. report normal business operational details to Apple
D. raise a potential business conduct or ethics issue as it relates to Apple
Answer: D

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6. You are troubleshooting an iMac (Early 2008) that does not power on. You notice that all
diagnostic LEDs remain off when a known-good power cord is connected to the iMac and to a
known-good power outlet. What is most likely the cause of these symptoms?
A. Faulty power supply
B. Faulty optical drive
C. Faulty LCD panel
D. Faulty video card
Answer: A

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7. MacBook Air comes with a _____ MagSafe power adapter.
A. 45 Watt
B. 60 Watt
C. 65 Watt
D. 80 Watt
E. 85 Watt
Answer: A

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NO.3 Why do you need to take precautions when disposing of CRT displays? SELECT TWO
A. CRT displays may contain toxic gases.
B. CRT displays may present a fire hazard.
C. CRT displays may implode if mishandled.
D. CRT displays may present a radiation hazard.
E. CRT displays may contain hazardous materials.
Answer: C,E

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NO.4 What component of a Mac mini (Early 2009) logic board requires use of an anti-static foam
support to avoid damage?
A. EMI clips
B. Video card
C. Large heat sink
D. Battery connector
Answer: A

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NO.5 You are troubleshooting an eMac that has no image on its built-in display. You have already
checked user controls and reset PRAM, but the issue persists. When you connect an external
display to the eMac's VGA output port and restart the eMac, you see a proper image on the
external display. Which of the following service modules would most likely be the cause of these
symptoms?
A. Display Analog Assembly
B. Power Supply Assembly
C. Logic Board
D. Hard drive
Answer: A

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Exam Code: HS330
Exam Name: American College (Fundamentals of Estate Planning test)
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Total Q&A: 400 Questions and Answers
Last Update: 2013-11-01

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NO.1 The interest rate for loans from the Federal Land Bank is 8 percent.
For federal estate tax purposes, the farm method valuation formula would result in a current use value for
the farm of
A. $500,000
B. $600,000
C. $700,000
D. $820,000
Answer: B

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5. Which of the following types of real property ownership will be deemed to be a tenancy in common?
A. Two brothers own equal amounts of all the common stock in a corporation, the only asset of which is
real property.
B. Two brothers own equal undivided interests in a piece of real property, with each brother being able to
divest himself of his interest by sale, gift, or will.
C. Two brothers are equal partners in a general partnership that owns a piece of real property used in the
partnership business.
D. Two brothers own equal fractional interests in a piece of real property and at the death of one of the
brothers the survivor will own the entire piece of property.
Answer: B

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6. Which of the following statements concerning property ownership by a married couple residing in a
community-property state is correct?
A. All property owned by the couple is community property.
B. Community property loses its identity when a couple moves from a community-property state to a
common-law state.
C. Property inherited by one spouse during a marriage becomes community property.
D. Income earned by one spouse becomes community property.
Answer: D

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7. Which of the following statements concerning a simple trust is correct?
A. Income and principal may be distributed to a qualified charity.
B. It receives a special tax deduction for income distributed to its beneficiaries.
C. Income is accumulated at the discretion of the trustee.
D. It limits the number of permissible beneficiaries.
Answer: B

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8. On the advice of their attorney and accountant, Betsy and John have decided to make substantial
transfers. They would like to pass most of their considerable wealth to their grandchildren. Which of the
following statements concerning gifts made to their grandchildren is correct?
A. The GSTT annual exclusion may be utilized by Betsy and John for each grandchild during lifetime and
at death.
B. The value of Betsy and John's GSTT exemption amounts are slightly increased when used at death
rather than during lifetime.
C. The GSTT annual exclusion is unavailable for years in which Betsy and John make tuition gifts for the
grandchildren.
D. Betsy and John may elect to split any GSTT transfers to the grandchildren.
Answer: D

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9.The decedent, D, died this year. The facts concerning D estate are:
On January 1, 2004 a father gave his daughter a $200,000 straight (ordinary) life insurance policy on his
life.
Premiums are paid annually. The pertinent facts about the policy are:
Date of issue: July 1, 1992
Premium paid on July 1, 2003 $3,200
Gross estate $3,400,000
Marital deduction 0
Charitable deduction 600,000
Funeral & administration
expenses
80,000
Gifts made after 1976 170,000
State death taxes payable 192,000
What is D taxable estate?
A. $2,138,000
B. $2,358,000
C. $2,528,000
D. $2,720,000
Answer: C

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10.Terminal reserve on July 1, 2003 20,000 Terminal reserve on July 1, 2004 24,000 What is the value of
the policy for federal gift tax purposes?
A. $ 21,600
B. $ 23,200
C. $ 23,600
D. $200,000
Answer: C

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11. A married man has two adult sons. His entire estate is in excess of $1,500,000 and consists entirely of
probate assets. He wants to make certain that if he predeceases his wife she will receive all estate
income as long as she lives, and the assets remaining at her death will pass equally to their two sons. He
wants to pass all assets to this wife and sons as free of federal estate taxes as possible. To best
accomplish these objectives, the man should include which of the following estate plans in his will?
A. Establish a QTIP trust for half his estate and bequeath the remainder to his wife
B. Establish a marital deduction trust with a general power of appointment for half his estate and place the
remainder in a QTIP trust
C. Establish a bypass trust equal to the applicable exclusion amount and place the remainder of his
estate in a QTIP trust
D. Establish a QTIP trust for his entire estate
Answer: C

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12. Among the assets in a decedent's gross estate is stock in a closely held corporation that was left to a
nephew. The interest passing to the nephew is required to bear the burden of all estate taxes and
expenses. The relevant facts about this
estate are:
Adjusted gross estate $1,200,000
Fair market value of stock in the
closely held corporation 500,000
Administration and funeral
expenses
25,000
State inheritance taxes 40,000
Federal estate taxes 160,000
What amount of closely held corporate stock may be redeemed under IRC Section 303 so that the
redemption will be treated as a sale or exchange rather than a dividend distribution?
A. 0
B. $ 65,000
C. $225,000
D. $500,000
Answer: C

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13. A married man died this year leaving a gross estate of $3,200,000. Additional facts concerning his
estate are: Administration expenses and debts $ 250,000 Marital deduction 1,200,000 Applicable credit
amount (2005) 555,800 Applicable exclusion amount (2005) 1,500,000 State death taxes payable 20,400
Under the Unified Rate Schedule for computing estate taxes if the amount with respect to which the
tentative tax to be computed is over $1,000,000 but not over $1,250,000, the tentative tax is $345,800,
plus 41 percent of the excess of such amount over $1,000,000. If the amount is over $1,250,000 but not
over $1,500,000, the tentative tax is then $448,300, plus 43 percent of the excess of such amount over
$1,250,000. If the amount is over $1,500,000 but not over $2,000,000, the tentative tax is then $555,800
plus 45% of the excess of such amount over $1,500,000. Based on these facts, the net federal estate tax
payable is
A. 0
B. $103,320
C. $123,720
D. $128,280
Answer: B

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14. Which of the following statements concerning both estates and complex trusts is correct?
A. Both must have more than one beneficiary.
B. Both come into being by operation of law.
C. Both are monitored by the courts.
D. Both are required to file income tax returns.
Answer: D

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15. A widow made the following cash gifts during the current year: Donee Amount of Gift
A qualified charity $40,000
A close friend 30,000
Her sister 5,000
Her daughter 15,000
Her brother 10,000
The total amount of the taxable gifts made this year was
A. $23,000
B. $45,000
C. $52,000
D. $95,000
Answer:A

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16. A man is planning to establish and fund a 20-year irrevocable trust for the benefit of his two sons,
aged 19 and 22, and plans to give the trustee power to sprinkle trust income. From the standpoint of
providing federal income, gift, and estate tax savings, which of the following would be the best choice of
trustee?
A. The grantor of the trust
B. The grantor's 70-year-old father
C. The grantor's 22-year-old son
D. A bank or trust company
Answer: D

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17. A man died in February of this year. Last year, when he learned that he had a terminal illness, he
immediately made the following gifts and filed the required gift tax return:
Fair Market Value
Gift of listed stock to a
qualified charity $100,000
Gift of listed bonds to his wife 200,000
Gift of a boat to his son 10,000
Gift of a sports car to his daughter
10,000
What amount must be brought back to the man's estate as an adjusted taxable gift in the calculation of his
federal estate taxes?
A. 0
B. $ 90,000
C. $280,000
D. $320,000
Answer:A

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18. A widower dies leaving a net probate estate of $300,000. At the time of his death, his descendants are
as follows:
A son, Joe, who has no children;
A deceased daughter, Mary, whose two children, Irene and Sally, survive; and
A daughter, Anne, who has one child, Harry
Assuming that the widower's will provides for the distribution of his assets in equal shares to his children,
per stirpes,
which of the following correctly states the amounts each descendant will receive?
A. $100,000 to Joe, $50,000 to Irene, $50,000 to Sally, and $100,000 to Anne
B. $100,000 to Joe, $50,000 to Irene, $50,000 to Sally, $50,000 to Anne, and $50,000 to Harry
C. $75,000 to Joe, $75,000 to Irene, $75,000 to Sally, and $75,000 to Anne
D. $60,000 to Joe, $60,000 to Irene, $60,000 to Sally, $60,000 to Anne, and $60,000 to Harry
Answer:A

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19. Which of the following areas of consideration present common ethical issues for the estate planner?
A. Contracts
B. Compatibility
C. Consistency
D. Compensation
Answer: D

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20. A father deeded a house as a gift to his daughter in 1990 but retained the right to live in it until his
death. He died this
year, while still living in the house. The following are relevant facts:
The father bought the property in 1980 for $140,000. The fair market value of the property when the gift
was made in
1990 was $170,000. The father filed a timely gift tax return but paid no gift tax because of the applicable
credit amount.
The fair market value of the property at the father's death was $200,000. The daughter sold the property 3
months after
her father's death for $200,000. She had a gain of
A. 0
B. $130,000
C. $160,000
D. $200,000
Answer:A

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NO.2 Which of the following is an example of a taxable gift for federal gift tax purposes?
A. A father gives his 19-year-old daughter a note promising to give her his Rolls Royce when she reaches
the age of 21.
B. Instead of parents paying an outside executive $60,000, a son runs their business for 8 months without
charging a fee.
C. The parents of a married son permit their son and his family to use a summer cottage that rents for
$3,000 per month on a rent-free basis.
D. A father cancels a $50,000 note his daughter gave him when he made a loan to her 2 years ago.
Answer: D

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NO.3 The following are facts concerning a decedent's estate:
An executor elects to value the assets of the estate at the alternative valuation date 6 months after death.
Which of the following statements concerning the estate tax value of assets included in this estate is
correct?
Taxable estate $1,700,000
Pre-1977 taxable gifts 200,000
Post-1976 adjusted taxable gifts 50,000
Post-1976 gifts made to a qualified
charity
100,000
The tentative tax base of this estate is
A. $1,700,000
B. $1,750,000
C. $1,850,000
D. $1,900,000
Answer: B

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A. An annuity included in the gross estate that diminishes with the mere passage of time is includible at
the date of death value.
B. Property sold before the alternate valuation date is valued at the alternate valuation date.
C. Property that has increased in value since the date of death may be valued at the date of death if the
executor so elects.
D. Property distributed under the will before the alternate valuation date is valued at the date of death.
Answer:A

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4. A father and son have been farming land owned by the father for the past 12 years. Just prior to his
death, the father was offered $1,200,000 for his farm because of its possible use as a shopping center.
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Exam Code: 3I0-008
Exam Name: ACI (ACI DEALING CERTIFICATE)
One year free update, No help, Full refund!
Total Q&A: 320 Questions and Answers
Last Update: 2013-11-01

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NO.1 Click on the <> Button to view the Formula Sheet.
Making interest rate swap transactions subject to agreement on documentation:
A.Is recommended where the complications of the transaction warrant the practice.
B.Is strictly forbidden.
C.Is considered bad practice.
D.Must have senior management approval.
ANSWER: c

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NO.2 Click on the <> Button to view the Formula Sheet.
What is the Overnight Index for GBP?
A.SONIA
B.STINA
C.LIBOR
D.EONIA
ANSWER: a

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NO.3 These are all the pirctures which this dumps will use. When you meet the questions, you can refer to
them by yourself.
A
B
C
D
E
F

NO.4 Click on the <> Button to view the Formula Sheet.
The position delta of an in-the-money short put option is:
A.Between -0.5 and -1
B.-0.5
C.Between +0.5 and +1
D.+0.5
ANSWER: c

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NO.5 Click on the <> Button to view the Formula Sheet.
In case of a default on a repo by the seller:
A.The buyer can liquidate the collateral
B.The buyer has to liquidate the collateral
C.The buyer cannot liquidate the collateral until the seller is declared insolvent
D.A court is appointed to decide what happens to the collateral
ANSWER: a

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NO.6 Click on the <> Button to view the Formula Sheet.
If EUR/USD is 1.1025-28 and the 6-month swap is 112.50/113, what is the 6-month outright price?
A.1.1380-1.11405
B.1.11375-1.1141
C.1.09125-1.0915
D.None of these
ANSWER: b

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NO.7 Click on the <> Button to view the Formula Sheet.
Lending for 3 months and borrowing for 6 months creates a 3x6 forward-forward deposit. The cost of that
deposit is called:
A.Break-even rate
B.Implied forward rate
C.Forward-forward rate
D.All of the above
ANSWER: d

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NO.8 Click on the <> Button to view the Formula Sheet.
One of your major customers is visiting your bank and wishes to meet you and see the dealing room.
What is the Model Code recommendation?
A.There is no problem.
B.There is no problem provided the visitor is a member of your customers management and not a dealer
for the customer.
C.There is no problem with a short, one-off visit approved by management.
D.Non-treasury personnel and visitors should not be allowed into the dealing room.
ANSWER: c

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NO.9 Click on the <> Button to view the Formula Sheet.
In the international market, a FRA in USD is usually settled with reference to:
A.BBA LIBOR
B.Fed funds
C.ISDA LIBOR
D.EURIBOR
ANSWER: a

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NO.10 Click on the <> Button to view the Formula Sheet.
The extension of an off-market rate could have the following implications:
A.An unauthorised extension of credit to the counterparty.
B.Deferring a loss to a future date.
C.Deferring an income to a future date.
D.All of the above.
ANSWER: d

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NO.11 Click on the <> Button to view the Formula Sheet.
Which of the following currencies is quoted on an actual/365 basis for the calculation of interest on
interbank deposits in London?
A.EUR
B.JPY
C.GBP
D.CHF
ANSWER: c

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NO.12 Click on the <> Button to view the Formula Sheet.
What are the secondary market proceeds of a CD with a face value of EUR 5 million and a coupon of 3%
that was issued at par for 182 days and is now trading at 3% but with only 7 days remaining to maturity?
A.EUR 4,997,085.03
B.EUR 5,000,000.00
C.EUR 5,071,086.45
D.EUR 5,072,874.16
ANSWER: d

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NO.13 Click on the <> Button to view the Formula Sheet.
Prior to expiration, an in-the-money option has:
A.Intrinsic value but no time value
B.Time value but no intrinsic value
C.Both time value and intrinsic value
D.Neither time value nor intrinsic value
ANSWER: c

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NO.14 Click on the <> Button to view the Formula Sheet.
Taking collateral to hedge the credit risk on a counterparty means that you have:
A.Eliminated credit risk
B.Eliminated market risk
C.Taken a guarantee from the issuer of the collateral
D.Taken on market, legal and operational risks
ANSWER: d

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NO.15 Click on the <> Button to view the Formula Sheet.
Which of the following is issued by auction?
A.Treasury bill
B.CD
C.BA
D.USCP
ANSWER: a

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NO.16 Click on the <> Button to view the Formula Sheet.
Covered interest arbitrage is possible when:
A.The low interest rate currency depreciates
B.There is a large swing in the spot rate
C.The values of the forward points and of the interest rate differential between two currencies diverge
D.The interest rate differential widens rather than narrows
ANSWER: c

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NO.17 Click on the <> Button to view the Formula Sheet.
If a counterparty's name is not acceptable to a lending bank, that bank:
A.Can revise the rate according to his credit position for the counterparty.
B.Should not revise the rate.
C.Can revise the rate but only with the consent of senior management.
D.Can revise the rate according to the credit rating of the counterparty
ANSWER: b

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NO.18 Click on the <> Button to view the Formula Sheet.
It is now permissible in most markets for brokers to be owned by banks and other principals. Where there
is shared management, or a shareholding or other investment in a broker by a counterparty:
A.The broker is not obligated to reveal the connection provided Chinese Walls are in place.
B.The broker is not obligated to reveal the connection in the professional market.
C.The broker should advise the other counterparty of the connection.
D.The matter is covered in the Model Code.
ANSWER: c

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NO.19 Click on the <> Button to view the Formula Sheet.
A 1-month (30-day) USCP with a face value of USD 5 million is quoted at a rate of discount of 2.31%.
How much is the paper worth?
A.USD 4,884,500.00
B.USD 4,990,375.00
C.USD 4,990.506.85
D.USD 4,990,393.49
ANSWER: b

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NO.20 Click on the <> Button to view the Formula Sheet.
Voice-brokers in spot FX are remunerated with:
A.Commission paid by both parties at rates agreed beforehand
B.A fee paid by the seller
C.Bid/offer spread
D.A share of the bid/offer spread
ANSWER: a

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NO.21 Click on the <> Button to view the Formula Sheet.
What are some of the major objectives of The Model Code?
A.To clarify the roles of dealers, brokers and customers
B.To promote a high level of ethical, professional behaviour
C.To act as a guide in the absence of government regulation
D.All of the above
ANSWER: d

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NO.22 Click on the <> Button to view the Formula Sheet.
You have done the following deals in spot USD/JPY:
Sold USD 5.0 million at 130.60
Bought USD 3.5 million at 130.20
Bought USD 2.0 million at 130.50
Sold USD 2.0 million at 130.55
What is your net position and average rate?
A.Short USD 1.5 million at 130.46
B.Long USD 1.5 million at 130.46
C.Short USD 1.5 million at 131.60
D.Long USD 1.5 million at 131.60
ANSWER: c

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NO.23 Click on the <> Button to view the Formula Sheet.
What is the amount of the principal plus interest due at maturity on a 1-month (31-day) deposit of EUR 50
million placed at 3.67%?
A.EUR 50,152,916.70
B.EUR 50,155,849.30
C.EUR 50,158,013.90
D.EUR 50,161,888.90
ANSWER: c

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NO.24 Click on the <> Button to view the Formula Sheet.
What is the ISO code for platinum
A.XAU
B.XAG
C.XPT
D.XPD
ANSWER: c

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NO.25 Click on the <> Button to view the Formula Sheet.
The 180-day GBP/USD rate is bid 62 and the 90-day GBP/USD rate is bid 29.
What is the bid rate for 120 days, assuming straight-line interpolation?
A.33
B.42
C.27
D.40
ANSWER: d

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NO.26 Click on the <> Button to view the Formula Sheet.
Written confirmation is a function that can be done by:
A.Any dealer as long as he/she is not a party to the trade.
B.Staff in the back-office.
C.Staff in the dealing room who are not dealing.
D.Any staff outside the dealing room.
ANSWER: b

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NO.27 Click on the <> Button to view the Formula Sheet.
The seller of a floor:
A.Receives compensation if a reference interest rate falls below an agreed level
B.Pays compensation if a reference interest rate falls below an agreed level
C.Receives compensation if a reference interest rate rises above an agreed level
D.Pays compensation if a reference interest rate rises above an agreed level
ANSWER: b

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NO.28 Click on the <> Button to view the Formula Sheet.
Which of the following will tend to have the higher yield?
A.Treasury bill
B.Repo against Treasury bill collateral
C.They have the same yield
D.Cannot say
ANSWER: b

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NO.29 Click on the <> Button to view the Formula Sheet.
Although The Model Code discourages the extension of forward FX contracts at their historic rates, one of
the conditions required for this is:
A.Prior management approval has been sought.
B.They are executed within six months.
C.They are extended for not more than one year.
D.All of the above.
ANSWER: a

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NO.30 Click on the <> Button to view the Formula Sheet.
Four banks provide you with quotes in CHF/SEK. Which is the best price for you to buy SEK?
A.5.5825
B.5.5820
C.5.5815
D.5.5830
ANSWER: d

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