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: Apr 28, 2026

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Question 1

What is a settlement date?

A : The date by which the interest payment on an operation must be made

B : last date by which the minimum reserve amount can be paid to the central bank

C : date, on which settlement must be made on the contracted amount or the differential amount of an operation

D : date a deal is processed

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

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 4

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 5

A dealer belongs to:

A : money laundering staff

B : the middle office staff

C : front office staff

D : back office staff

Answer: C

Page: 1 / 68

Total 340 Questions | Updated On: Apr 28, 2026

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