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: Mar 06, 2026

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Question 1

What is the maximum maturity of a US Treasury bill?

A : 5years

B : 270 days

C : year

D : 183 days

Answer: C

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 : changed

B : 10/8

C : 15/13

D : 6/4

Answer: C

Question 3

How is a USD Overnight Indexed Swap (OIS) settled?

A : o days after maturity by net payment

B : riodic exchange of fixed and floating payments up to and including maturity

C : ter maturity by exchange of fixed and floating payments

D : maturity by net payment

Answer: A

Question 4

Dealers are authorized to deal:

A : anywhere, even away from their own dealing premises

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

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

D : ay from their broker's dealing premises

Answer: C

Question 5

Where answer phone equipment is used for reporting and recording of off-premises transactions, it should be:

A : cured so that reported transactions cannot be erased without senior management approval.

B : cured by recordings that are stored for a suitable period.

C : a number located in the office of the internal auditor.

D : an special number known only to the chief dealer.

Answer: A

Page: 1 / 84

Total 420 Questions | Updated On: Mar 06, 2026

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