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: Jul 29, 2025

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Question 1

What needs to be done in the event that a trade is amended by one or both parties?

A : new confirmation should be generated and the confirmation cycle should restart and continue until the trade is completely matched by both parties.

B : new confirmation should be generated by both parties but there is no need to restart the confirmation cycle.

C : new confirmation need not be generated but the confirmation cycle must restart and continue until the trade is completely matched by both parties.

D : amending party should verbally inform the other party.

Answer: A

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

If EUR/USD is 1.1025-28 and the 6-month swap is 112.50/113, what is the 6-month outright price?

A : 1.11375-1.1141

B : 1.09125-1.0915

C : ne of these

D : 1.1380-1.11405

Answer: A

Question 4

What is a long strangle option strategy?

A : long call option + short put option with higher strike price than the call option

B : long call option + long put option with a lower strike price than the call option

C : hort call option + short put option with a higher strike price than the call option

D : hort call option + short put option with a lower strike price than the call option

Answer: B

Question 5

You have quoted a Swiss customer spot USD/CHF as 1.3710-15, but he asks you to quote it as CHF/USD.What do you quote?

A : 1.3710-15

B : 0.7294-91

C : 0.7291-94

D : ne of these

Answer: C

Page: 1 / 84

Total 420 Questions | Updated On: Jul 29, 2025

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