Free ACI 002-201 Exam Questions

Become ACI Certified with updated 002-201 exam questions and correct answers

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Total 340 Questions | Updated On: Jun 06, 2025

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Question 1

Herstatt Risk is also known as:

A : ttlement risk

B : anslation risk

C : placement risk

D : erational risk

Answer: A

Question 2

What is a bank required to do when entering into a new business relationship with a natural person?

A : form the central bank of their country

B : action is required

C : rify the identity of the person

D : form the compliance department

Answer: C

Question 3

What is a settlement date?

A : The date by which the interest payment on an operation must be made

B : last date by which the minimum reserve amount can be paid to the central bank

C : date, on which settlement must be made on the contracted amount or the differential amount of an operation

D : date a deal is processed

Answer: C

Question 4

The discount or premium on forward foreign exchange points is calculated based on:

A : level of interest rates in the base currency

B : the level of interest rates in the counter currency

C : differential between the interest rates in the two currencies

D : current volatility in the FX markets

Answer: C

Question 5

A Certificate of Deposit (CD) was issued at 2.50% which you now purchase at 1.75%. What would you expect to pay?

A : original face value of the CD

B : re than the originally paid value

C : than the originally paid value

D : ere is too little information to decide

Answer: B

Page: 1 / 68

Total 340 Questions | Updated On: Jun 06, 2025

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