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: Aug 19, 2026

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Question 1

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 2

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

Question 3

Bank A has a large number of forward OTC trades with Bank B. What risks will be reduced by concluding a netting agreement?

A : market-price-risk and replacement risk

B : rket-price-risk and delivery risk

C : placement risk and delivery risk

D : placement risk and basis risk

Answer: C

Question 4

The calculation method of the foreign exchange rates for value today or for value tomorrow outrights:

A : based on the interest rate differential between the two currencies

B : based on the same calculation method as the forward rate agreements (FRA)

C : based on linear interpolation

D : based on the calculation of compound interest rates

Answer: A

Question 5

Which risk factors fall under counterparty risk?

A : rrency risk, interest rate risk and swap risk

B : ttlement risk, delivery risk and replacement cost

C : erational risk

D : ttlement risk and swap risk

Answer: B

Page: 1 / 68

Total 340 Questions | Updated On: Aug 19, 2026

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