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: Nov 11, 2024

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Question 1

Internationally, USD FRAs are settled with reference to which market rate?

A : BOR

B : DFUNDS

C : BID

D : RIBOR

Answer: A

Question 2

A dealer belongs to:

A : money laundering staff

B : the middle office staff

C : front office staff

D : back office staff

Answer: C

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

Which of the following is the best description of a broken trade”?

A : en a trade has been agreed to with dates (maturities) different from the standard dates

B : en one of the parties to the deal unilaterally decides to withdraw from the on-going transaction

C : en, due to a system break, one or both parties to the deal chooses to withdraw from the ongoing transaction

D : en, due to a system break, one or both parties to the deal are unclear as to whether the deal has been done

Answer: D

Question 5

A Certificate of Deposit (CD) was issued at 2.50% which you now purchase at 1.75%. What would you expect to pay?

A : original face value of the CD

B : re than the originally paid value

C : than the originally paid value

D : ere is too little information to decide

Answer: B

Page: 1 / 68

Total 340 Questions | Updated On: Nov 11, 2024

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