Free ACI 002-201 Exam Questions

Become ACI Certified with updated 002-201 exam questions and correct answers

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Total 340 Questions | Updated On: Feb 19, 2025

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Question 1

A corporate client instructs you to make a USD payment to his account in London. What two message types should you send?

A : 202 and MT 103

B : 202 and MT 210

C : 200 and MT 103

D : 103 and MT 210

Answer: A

Question 2

The calculation method of the foreign exchange rates for value today or for value tomorrow outrights:

A : based on the interest rate differential between the two currencies

B : based on the same calculation method as the forward rate agreements (FRA)

C : based on linear interpolation

D : based on the calculation of compound interest rates

Answer: A

Question 3

How is a call money market transaction generally confirmed?

A : telephone between the traders

B : a SWIFT message MT 320

C : a SWIFT message MT 330

D : by a SWIFT message MT 300

Answer: C

Question 4

Bank A has a large number of forward OTC trades with Bank B. What risks will be reduced by concluding a netting agreement?

A : market-price-risk and replacement risk

B : rket-price-risk and delivery risk

C : placement risk and delivery risk

D : placement risk and basis risk

Answer: C

Question 5

Which one of the following best describes the correct order of the settlements process?

A : tting, trade entry, settlement, confirmation, nostro reconciliation

B : nfirmation, netting, trade entry, settlement, nostro reconciliation

C : ade entry, confirmation, netting, settlement, nostro reconciliation

D : ade entry, confirmation, settlement, nostro reconciliation, netting

Answer: C

Page: 1 / 68

Total 340 Questions | Updated On: Feb 19, 2025

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