002-201 Practice Online

Question 1

EURIBOR, the Euro Interbank Offered Rate is:

A : the rate at which Euro interbank term deposits are offered by one prime bank to another prime bank published at 11.00 a.m. CET

B : the interest reference rate for the Euro calculated daily from the rates of 16 London banks

C : the interest reference rate for all major currencies calculated daily from the rates of panel banks from EU countries

D : the rate at which Euro interbank term deposits are offered by prime banks to corporate published at 11.00 a.m. CET

Answer: A

Question 2

The calculation method of the foreign exchange rates for value today or for value tomorrow outrights:

A : is based on the interest rate differential between the two currencies

B : is based on the same calculation method as the forward rate agreements (FRA)

C : is based on linear interpolation

D : is based on the calculation of compound interest rates

Answer: A

Question 3

The coupon of this type of bond can be based on a country`s CPI (Consumer Price Index)

A : "step up" bonds

B : index linked bonds

C : premium bonds

D : par bonds

Answer: B

Question 4

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

A : the level of interest rates in the base currency

B : the level of interest rates in the counter currency

C : the differential between the interest rates in the two currencies

D : the current volatility in the FX markets

Answer: C

Question 5

How is a call money market transaction generally confirmed?

A : by telephone between the traders

B : by a SWIFT message MT 320

C : by a SWIFT message MT 330

D : by a SWIFT message MT 300

Answer: C

Name:	ACI Operations Certificate New Version Exam
Exam Code:	002-201
Certification:	ACI Operations Certificate
Vendor:	ACI
Total Questions:	340
Last Updated:	Apr 25, 2024