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: Jan 07, 2025

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Question 1

What is the meaning of "good value" in FX?

A : funds must be in the nostro account of the beneficiary institution by close of business on the agreed upon value date

B : funds must be in the nostro account of the beneficiary institution by the beginning of the next business day

C : value of interest to be received is higher than the value of fees to be paid

D : funds must be in the internal cash account of the clearing house by close of business on the agreed upon value date

Answer: A

Question 2

Which two countries are not participating in TARGET2?

A : nmark and Finland

B : tvia and Lithuania

C : Czeck Republic and the United Kingdom

D : lgaria and Romania

Answer: C

Question 3

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 4

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

A : BOR

B : DFUNDS

C : BID

D : RIBOR

Answer: A

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: Jan 07, 2025

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