Free Online ACI 002-201 Practice Test

Prepare Your ACI 002-201 Exam Questions with Free online 002-201 Practice Test. Get Brilliant ACI Operations Certificate New Version Exam Exam Results with Valid 002 201 Exam Dumps.

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Total 340 Questions | Updated On: May 16, 2024

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Question 1

The organization “SWIFT” belongs to:

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

B : The European Banking Federation based in Brussels

C : The European Central Bank

D : The IMF

Answer: A

Question 2

What is the meaning of "good value" in FX?

A : the funds must be in the nostro account of the beneficiary institution by close of business on the agreed upon value date

B : the funds must be in the nostro account of the beneficiary institution by the beginning of the next business day

C : the value of interest to be received is higher than the value of fees to be paid

D : the funds must be in the internal cash account of the clearing house by close of business on the agreed upon value date

Answer: A

Question 3

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

A : "step up" bonds

B : index linked bonds

C : premium bonds

D : par bonds

Answer: B

Question 4

Your FX swap dealer sold and bought 2 months USD/CHF 10,000,000.00; rates were set to 0.9300 against 0.9285. What payment is your bank expecting in two months from now?

A : CHF 9,300,000.00

B : CHF 10,770,059.24

C : CHF 9,285,000.00

D : USD 10,000,000.00

Answer: D

Question 5

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

A : a GBP account with another UK bank

B : a CHF account with a bank in Zurich

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

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

Answer: B

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Total 340 Questions | Updated On: May 16, 2024

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