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: Feb 20, 2025

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Question 1

If the yield curve is upward sloping, a bank would not profit from:

A : rrowing long and lending short

B : rrowing short and lending long

C : ying a higher rate on deposits than the market

D : creasing the banks leverage

Answer: A

Question 2

If EUR/USD is 1.1025-28 and the 6-month swap is 112.50/113, what is the 6-month outright price?

A : 1.11375-1.1141

B : 1.09125-1.0915

C : ne of these

D : 1.1380-1.11405

Answer: A

Question 3

When may a broker assume a deal is closed?

A : en acknowledgement is received from the principals that the deal is done

B : en the principals give a written undertaking for all deals done at the end of the day

C : en one of the principals confirms the deal

D : en both back offices acknowledge the deal

Answer: A

Question 4

Mark-to-market' in a repo means:

A : valuing collateral

B : valuing collateral versus cash

C : lculating the net replacement cost

D : lculating net present value

Answer: B

Question 5

When a broker needs to switch a name this should be done:

A : ly after approval by the broker's senior management

B : ly if the switching transaction is done at the current market rate

C : ly after consultation with the local regulator

D : ly provided that such transactions are identified as switching transactions

Answer: D

Page: 1 / 84

Total 420 Questions | Updated On: Feb 20, 2025

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