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: Oct 29, 2025

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Question 1

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 2

A corporate client instructs you to make a USD payment to his account in London. What two message types should you send?

A : 202 and MT 103

B : 202 and MT 210

C : 200 and MT 103

D : 103 and MT 210

Answer: A

Question 3

Under normal circumstances, which of the following is a non-negotiable instrument?

A : Medium Term Note

B : Bankers Acceptance

C : Money Market Deposit

D : Treasury Bill

Answer: C

Question 4

The coupon of this type of bond can be based on a country`s CPI (Consumer Price Index)

A : "step up" bonds

B : dex linked bonds

C : emium bonds

D : r bonds

Answer: B

Question 5

Which of the following is the best description of a broken trade”?

A : en a trade has been agreed to with dates (maturities) different from the standard dates

B : en one of the parties to the deal unilaterally decides to withdraw from the on-going transaction

C : en, due to a system break, one or both parties to the deal chooses to withdraw from the ongoing transaction

D : en, due to a system break, one or both parties to the deal are unclear as to whether the deal has been done

Answer: D

Page: 1 / 68

Total 340 Questions | Updated On: Oct 29, 2025

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