Free Online ACI 002-101 Practice Test

Prepare Your ACI 002-101 Exam Questions with Free online 002-101 Practice Test. Get Brilliant ACI Dealing Certificate New Version Exam Exam Results with Valid 002 101 Exam Dumps.

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Total 420 Questions | Updated On: May 14, 2024

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Question 1

You borrow GBP 2,500,000.00 at 0.625% for 165 days. How much do you repay including interest?

A : GBP 2,507,106.16

B : GBP 2,507,161.46

C : GBP 2,507,006.85

D : GBP 2,507,063.36

Answer: D

Question 2

If EUR/USD is 1.1025-28 and the 6-month swap is 112.50/113, what is the 6-month outright price?

A : 1.11375-1.1141

B : 1.09125-1.0915

C : None of these

D : 1.1380-1.11405

Answer: A

Question 3

Dealers are authorized to deal:

A : anywhere, even away from their own dealing premises

B : after-hours, but only from their private residence

C : after-hours, but only if listed as such by management

D : away from their broker's dealing premises

Answer: C

Question 4

All other things being equal, if a bank borrows short and lends long what is the effect on the liquidity risk of the bank?

A : changes only when interest rates levels are low

B : positive

C : negative

D : changes only when interest rates levels are high

Answer: C

Question 5

What is the minimum basis on which a BCP should be updated and tested?

A : Whenever the BCP procedures are changed

B : Every 3 months

C : Every 6 months

D : Yearly

Answer: D

Page: 1 / 84

Total 420 Questions | Updated On: May 14, 2024

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