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: Jul 30, 2025

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Question 1

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 2

The control failings involving Barings and Daiwa highlight the critical importance of what operational risk management practice?

A : taping of conversations between counterparties

B : del signing-off and implementation controls

C : separation between front/back office duties

D : existence of contingency plans

Answer: C

Question 3

Settlement prices on futures contracts are

A : ficial prices calculated by the exchange at the close of trading for the purpose of making margin calculations

B : ficial prices calculated by a panel of central banks

C : ficial prices calculated by the central bank where the stock exchange is located

D : ver used

Answer: A

Question 4

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 5

Internationally, USD FRAs are settled with reference to which market rate?

A : BOR

B : DFUNDS

C : BID

D : RIBOR

Answer: A

Page: 1 / 68

Total 340 Questions | Updated On: Jul 30, 2025

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