Practice 002-201 Exam Online

Question 1

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

A : LIBOR

B : FEDFUNDS

C : LIBID

D : EURIBOR

Answer: A

Question 2

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

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

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

C : is based on linear interpolation

D : is based on the calculation of compound interest rates

Answer: A

Question 3

A dealer belongs to:

A : the money laundering staff

B : the middle office staff

C : the front office staff

D : the back office staff

Answer: C

Question 4

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

A : The original face value of the CD

B : More than the originally paid value

C : Less than the originally paid value

D : There is too little information to decide

Answer: B

Question 5

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

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

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

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

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

Answer: D

Name:	ACI Operations Certificate New Version Exam
Exam Code:	002-201
Certification:	ACI Operations Certificate
Vendor:	ACI
Total Questions:	340
Last Updated:	Apr 25, 2024

ACI 002-201