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: Jun 17, 2026

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Question 1

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

Question 2

A dealer in the spot foreign exchange market has to assume that a price given to a voice broker is only valid:

A : til the price has been taken off' by the dealer'

B : r a short length of time, usually 30 seconds

C : r a short length of time, typically a matter of seconds

D : r a minute or two

Answer: C

Question 3

When differences in payment arise because of errors in the payment of funds:

A : party involved can be enforced to contribute to achieve an equitable resolution to the problem

B : aims are calculated on the full principal amount of the failed payment with the interest rate imposed by the injured party

C : aims should be made for the costs incurred by the injured party and include all administration costs

D : market participant should be unjustly enriched or injured by the action/error of another market participant

Answer: D

Question 4

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 5

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

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Total 420 Questions | Updated On: Jun 17, 2026

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