Free ACI 002-101 Exam Questions

Become ACI Certified with updated 002-101 exam questions and correct answers

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Total 420 Questions | Updated On: Nov 11, 2024

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Question 1

When a broker calls off" at the very instant a dealer "hits" the broker's price:"

A : transaction should not be concluded.

B : broker decides whether or not the deal is done.

C : I's Committee for Professionalism will decide whether the transaction should be concluded.

D : transaction should be concluded.

Answer: A

Question 2

An 'at-the-money' call option:

A : ts less than an 'out-of-the-money' call option

B : ts the same as an 'in-the-money' put option

C : ts more than an 'in-the-money' call option

D : ts more than an 'out-of-the-money' call option

Answer: D

Question 3

Which of the following is true regarding the consummation of a deal?

A : itten confirmations always override terms verbally agreed to

B : rbal agreements are considered binding

C : als agreed to verbally can be done subject to documentation

D : rbal agreements are never to be considered legally binding

Answer: C

Question 4

In a plain vanilla interest rate swap, the fixed-rate payer":"

A : established the price sensitivities of a longer-term fixed-rate asset and a floating-rate liability

B : established the price sensitivities of a longer-term fixed-rate liability and a floating-rate asset

C : pays floating in the swap

D : ceives fixed in the swap

Answer: B

Question 5

What is the minimum basis on which a BCP should be updated and tested?

A : enever the BCP procedures are changed

B : ery 3 months

C : ery 6 months

D : arly

Answer: D

Page: 1 / 84

Total 420 Questions | Updated On: Nov 11, 2024

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