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: Mar 06, 2026

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Question 1

The organization “SWIFT” belongs to:

A : members of the system (member-owned cooperative)

B : European Banking Federation based in Brussels

C : European Central Bank

D : IMF

Answer: A

Question 2

Which of the following is an example of a foreign currency nostro account from the perspective of a bank in London?

A : GBP account with another UK bank

B : CHF account with a bank in Zurich

C : CHF account that it holds for a customer in London

D : GBP account that it holds for a bank in New York

Answer: B

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

When do you use a SWIFT message type 202?

A : r a foreign exchange confirmation

B : r multiple general financial institution transfers

C : r a general financial institution transfer

D : r a customer transfer

Answer: C

Question 5

What is an essential feature of nostro reconciliations?

A : at a daily nostro reconciliation report is sent out to the correspondent bank

B : That they are performed before the next business day

C : at they are performed in a timely and efficient way

D : at open items are booked on an internal account

Answer: C

Page: 1 / 68

Total 340 Questions | Updated On: Mar 06, 2026

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