Free ACI 002-101 Exam Questions

Become ACI Certified with updated 002-101 exam questions and correct answers

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Total 420 Questions | Updated On: Dec 16, 2025

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Question 1

What does the Model Code say concerning repos and stock-lending?

A : exact maturity (end) dates for transactions must be agreed as soon as possible after a transaction.

B : l market participants should use the Modified Following Business Day Convention.

C : gal documentation must be put in place as soon as possible after transaction.

D : l market participants should use the Modified Previous Business Day Convention.

Answer: B

Question 2

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

A : rrowing long and lending short

B : rrowing short and lending long

C : ying a higher rate on deposits than the market

D : creasing the banks leverage

Answer: A

Question 3

Brokers should confirm all transactions:

A : ly if the transaction is not for a marketable amount.

B : both counterparties immediately by fax or other acceptable electronic means.

C : ly if the deal is between overseas counterparties and for value today.

D : itially by fax or other acceptable electronic means, then in writing.

Answer: B

Question 4

Which one of the formulae below is correct?

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

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

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

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

Answer: A

Question 5

Lending for 3 months and borrowing for 6 months creates a 3x6 forward-forward deposit. The cost of that deposit is called:

A : rward-forward rate

B : l of the above

C : plied rate

D : eak-even rate

Answer: B

Page: 1 / 84

Total 420 Questions | Updated On: Dec 16, 2025

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