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: Oct 25, 2026

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Question 1

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 2

Mark-to-market' in a repo means:

A : valuing collateral

B : valuing collateral versus cash

C : lculating the net replacement cost

D : lculating net present value

Answer: B

Question 3

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 4

When may a broker assume a deal is closed?

A : en acknowledgement is received from the principals that the deal is done

B : en the principals give a written undertaking for all deals done at the end of the day

C : en one of the principals confirms the deal

D : en both back offices acknowledge the deal

Answer: A

Question 5

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

Page: 1 / 84

Total 420 Questions | Updated On: Oct 25, 2026

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