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 19, 2022

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Question 1

What is a bank required to do when entering into a new business relationship with a natural person?

A : form the central bank of their country

B : action is required

C : rify the identity of the person

D : form the compliance department

Answer: C

Question 2

A Certificate of Deposit (CD) was issued at 2.50% which you now purchase at 1.75%. What would you expect to pay?

A : original face value of the CD

B : re than the originally paid value

C : than the originally paid value

D : ere is too little information to decide

Answer: B

Question 3

What is the rate of interest paid by the European Central Bank on cash amounts exceeding the minimum reserve requirement (excess reserves)?

A : po rate 1%

B : NIA 0.25%

C : 0%

D : NIA 1%

Answer: C

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

The discount or premium on forward foreign exchange points is calculated based on:

A : level of interest rates in the base currency

B : the level of interest rates in the counter currency

C : differential between the interest rates in the two currencies

D : current volatility in the FX markets

Answer: C

Page: 1 / 68

Total 340 Questions | Updated On: Apr 19, 2022

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