Free Practice ACI 002-101 Exam Questions 2025

Stay ahead with 100% Free ACI Dealing Certificate New Version Exam 002-101 Dumps Practice Questions

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Total 420 Questions | Updated On: Apr 11, 2025

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Question 1

When an employee executes a personal trade in advance of a client's or institution's order to benefit from the anticipated movement in the market price following the execution of a large trade, it is called:

A : forward-facing

B : insider dealing

C : front running

D : ex ante trading

Answer: C

Question 2

Brokers should confirm all transactions:

A : Only if the transaction is not for a marketable amount.

B : To both counterparties immediately by fax or other acceptable electronic means.

C : Only if the deal is between overseas counterparties and for value today.

D : Initially by fax or other acceptable electronic means, then in writing.

Answer: B

Question 3

How is a USD Overnight Indexed Swap (OIS) settled?

A : Two days after maturity by net payment

B : Periodic exchange of fixed and floating payments up to and including maturity

C : After maturity by exchange of fixed and floating payments

D : At maturity by net payment

Answer: A

Question 4

3-month USD/CHF is quoted at 12/10. Interest rates in Switzerland are reduced but USD rates (which are higher) are unchanged. What would you expect the 3-month forward USD/CHF rate to be?

A : unchanged

B : 10/8

C : 15/13

D : 6/4

Answer: C

Question 5

When may a broker assume a deal is closed?

A : When acknowledgement is received from the principals that the deal is done

B : When the principals give a written undertaking for all deals done at the end of the day

C : When one of the principals confirms the deal

D : When both back offices acknowledge the deal

Answer: A

Page: 1 / 84

Total 420 Questions | Updated On: Apr 11, 2025

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