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 23, 2025

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Question 1

What is an essential feature of nostro reconciliations?

A : That a daily nostro reconciliation report is sent out to the correspondent bank

B : That they are performed before the next business day

C : That they are performed in a timely and efficient way

D : That open items are booked on an internal account

Answer: C

Question 2

Which two countries are not participating in TARGET2?

A : Denmark and Finland

B : Latvia and Lithuania

C : The Czeck Republic and the United Kingdom

D : Bulgaria and Romania

Answer: C

Question 3

Bank A has a large number of forward OTC trades with Bank B. What risks will be reduced by concluding a netting agreement?

A : market-price-risk and replacement risk

B : market-price-risk and delivery risk

C : replacement risk and delivery risk

D : replacement risk and basis risk

Answer: C

Question 4

Which SWIFT message formats would you use for a foreign exchange confirmation and fixed money market confirmation, respectively?

A : MT 400, MT 950

B : MT 200, MT 100

C : MT 300, MT 950

D : MT 300, MT 320

Answer: D

Question 5

What financial product involves exchanging a fixed interest rate for a floating interest rate?

A : A FX Swap

B : A repurchase agreement

C : An interest rate swap (IRS)

D : A dual swaption

Answer: C

Page: 1 / 68

Total 340 Questions | Updated On: Apr 23, 2025

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