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: Mar 26, 2025

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Question 1

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 2

Herstatt Risk is also known as:

A : ttlement risk

B : anslation risk

C : placement risk

D : erational risk

Answer: A

Question 3

What financial product involves exchanging a fixed interest rate for a floating interest rate?

A : FX Swap

B : repurchase agreement

C : An interest rate swap (IRS)

D : dual swaption

Answer: C

Question 4

On the sale of a CD, the seller

A : ceives a lower price than he originally paid

B : ceives a higher price than he originally paid

C : ceives a price calculated using the price originally paid

D : there is not enough information to know how much the seller receives

Answer: D

Question 5

The coupon of this type of bond can be based on a country`s CPI (Consumer Price Index)

A : "step up" bonds

B : dex linked bonds

C : emium bonds

D : r bonds

Answer: B

Page: 1 / 68

Total 340 Questions | Updated On: Mar 26, 2025

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