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 29, 2026

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Question 1

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 2

An 'at-the-money' call option:

A : ts less than an 'out-of-the-money' call option

B : ts the same as an 'in-the-money' put option

C : ts more than an 'in-the-money' call option

D : ts more than an 'out-of-the-money' call option

Answer: D

Question 3

Which of the following are transferable instruments?

A : Treasury bill

B : rocertificate of deposit

C :

D : l of the above

Answer: D

Question 4

When quoting the exchange rate between the USD and AUDI which is conventionally the base currency?

A :

B :

C : pends on whether the price is being quoted in Australia or the US

D : pends on whether the price is being quoted interbank or to a customer

Answer: A

Question 5

The outright forward FX rate is not a function of which of the following?

A : edaycount

B : rket expectation

C : spot exchange rate

D : interest rates of the two currencies

Answer: B

Page: 1 / 84

Total 420 Questions | Updated On: Apr 29, 2026

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