Free Practice ACI 002-201 Exam Questions 2025

Stay ahead with 100% Free ACI Operations Certificate New Version Exam 002-201 Dumps Practice Questions

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Total 340 Questions | Updated On: Apr 09, 2025

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Question 1

A corporate client instructs you to make a USD payment to his account in London. What two message types should you send?

A : MT 202 and MT 103

B : MT 202 and MT 210

C : MT 200 and MT 103

D : MT 103 and MT 210

Answer: A

Question 2

Settlement prices on futures contracts are

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

B : official prices calculated by a panel of central banks

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

D : never used

Answer: A

Question 3

Some large losses occurred in the past from derivatives trading because:

A : Derivatives brokers significantly over-charged their clients

B : Institutions did not understand the leverage of their transactions

C : Money managers engaged in intra-day trading

D : Money managers embezzled money using derivatives

Answer: B

Question 4

Which risk factors fall under counterparty risk?

A : Currency risk, interest rate risk and swap risk

B : Settlement risk, delivery risk and replacement cost

C : Operational risk

D : Settlement risk and swap risk

Answer: B

Question 5

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

A : inform the central bank of their country

B : no action is required

C : verify the identity of the person

D : inform the compliance department

Answer: C

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Total 340 Questions | Updated On: Apr 09, 2025

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