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: Jun 06, 2025

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Question 1

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 2

When a broker calls off" at the very instant a dealer "hits" the broker's price:"

A : The transaction should not be concluded.

B : The broker decides whether or not the deal is done.

C : ACI's Committee for Professionalism will decide whether the transaction should be concluded.

D : The transaction should be concluded.

Answer: A

Question 3

When quoting the exchange rate between the USD and AUDI which is conventionally the base currency?

A : AUD

B : USD

C : Depends on whether the price is being quoted in Australia or the US

D : Depends on whether the price is being quoted interbank or to a customer

Answer: A

Question 4

If GBP/USD is 1.5350-53 and USD/JPY is 97.50-53, what is GBP/JPY?

A : 63.52-53

B : 149.66-74

C : 63.51-54

D : 149.69-71

Answer: B

Question 5

What needs to be done in the event that a trade is amended by one or both parties?

A : A new confirmation should be generated and the confirmation cycle should restart and continue until the trade is completely matched by both parties.

B : A new confirmation should be generated by both parties but there is no need to restart the confirmation cycle.

C : A new confirmation need not be generated but the confirmation cycle must restart and continue until the trade is completely matched by both parties.

D : The amending party should verbally inform the other party.

Answer: A

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Total 420 Questions | Updated On: Jun 06, 2025

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