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: Apr 19, 2022

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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 : P 2,507,106.16

B : P 2,507,161.46

C : P 2,507,006.85

D : P 2,507,063.36

Answer: D

Question 2

In a plain vanilla interest rate swap, the fixed-rate payer":"

A : established the price sensitivities of a longer-term fixed-rate asset and a floating-rate liability

B : established the price sensitivities of a longer-term fixed-rate liability and a floating-rate asset

C : pays floating in the swap

D : ceives fixed in the swap

Answer: B

Question 3

What usually happens to the collateral in a tri-party repo?

A : is held by the seller in the name of the buyer

B : is held by the tn-party agent in the name of the buyer

C : is put at the disposal of the buyer

D : is frozen in the sellers account with the tri-panty agent

Answer: B

Question 4

What is the correct interpretation of a EUR 5,000,000.00 one-week VaR figure with a 99% confidence level?

A : loss of at most EUR 5,000,000.00 can be expected in 1 out of the next 100 days.

B : A loss of at least EUR 5,000,000.00 can be expected in 99 out of the next 100 weeks.

C : loss of at most EUR 5,000,000.00 can be expected in 1 out of the next 100 weeks.

D : loss of at least EUR 5,000,000.00 can be expected in 1 out of the next 100 weeks.

Answer: D

Question 5

How can material divergences between the value of cash and collateral be managed in a documented sell/ buy-back?

A : rgin maintenance

B : ther of the above, but usually (b)

C : ther of the above, but usually (a)

D : -pricing

Answer: B

Page: 1 / 84

Total 420 Questions | Updated On: Apr 19, 2022

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