Practice 002-101 Exam Online

Page: 1 / 84
Total 420 questions | Updated On: Apr 23, 2024

Question 1

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

A : borrowing long and lending short

B : borrowing short and lending long

C : paying a higher rate on deposits than the market

D : increasing the banks leverage

Answer: A

Question 2

3-month USD/CHF is quoted at 12/10. Interest rates in Switzerland are reduced but USD rates (which are higher) are unchanged. What would you expect the 3-month forward USD/CHF rate to be?

A : unchanged

B : 10/8

C : 15/13

D : 6/4

Answer: C

Question 3

When an employee executes a personal trade in advance of a client's or institution's order to benefit from the anticipated movement in the market price following the execution of a large trade, it is called:

A : forward-facing

B :

insider dealing

C : front running

D : ex ante trading

Answer: C

Question 4

Which one of the formulae below is correct?

A : Long a FRN + pay floating on a swap = long a synthetic straight bond.

B : Long a FRN + pay fixed on a swap = long a synthetic straight bond

C : Long a FRN + pay floating on a swap = short a synthetic straight bond

D : Long a FRN + receive floating on a swap = long a synthetic straight bond

Answer: A

Question 5

Mark-to-market' in a repo means:

A : Revaluing collateral

B : Revaluing collateral versus cash

C : Calculating the net replacement cost

D : Calculating net present value

Answer: B

Page: 1 / 84
Total 420 questions | Updated On: Apr 23, 2024

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Name:	ACI Dealing Certificate New Version Exam
Exam Code:	002-101
Certification:	ACI Dealing Certificate
Vendor:	ACI
Total Questions:	420
Last Updated:	Apr 23, 2024

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