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: Dec 18, 2025

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Question 1

Some large losses occurred in the past from derivatives trading because:

A : Derivatives brokers significantly over-charged their clients

B : titutions did not understand the leverage of their transactions

C : ney managers engaged in intra-day trading

D : ney managers embezzled money using derivatives

Answer: B

Question 2

You find that you have paid an amount to the wrong counterparty. What action should you take?

A : it until the counterparty contacts you to before deciding what to do

B : mediately contact the counterparty to find the most appropriate way to have the funds returned as quickly as possible to minimize the loss of value days

C : k the counterparty to keep the money and to place (invest) it at a special rate

D : k your accounting department to book the amount as a loss

Answer: B

Question 3

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 4

You bought a 6x9 EUR 8,000,000.00 FRA at 4.50%. Settlement is now due and 3 months (90 days) EURIBOR is 3.50%. What amount do you pay or receive?

A : y EUR 20,000.00

B : ceive EUR 20,000.00

C : y EUR 19,826.52

D : ceive EUR 19,826.52

Answer: C

Question 5

EURIBOR, the Euro Interbank Offered Rate is:

A : the rate at which Euro interbank term deposits are offered by one prime bank to another prime bank published at 11.00 a.m. CET

B : interest reference rate for the Euro calculated daily from the rates of 16 London banks

C : interest reference rate for all major currencies calculated daily from the rates of panel banks from EU countries

D : the rate at which Euro interbank term deposits are offered by prime banks to corporate published at 11.00 a.m. CET

Answer: A

Page: 1 / 68

Total 340 Questions | Updated On: Dec 18, 2025

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