Free ACI 002-101 Practice Exam Questions and Answers 2026

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Total 420 Questions | Updated On: Apr 01, 2026

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Question 1

Lending for 3 months and borrowing for 6 months creates a 3x6 forward-forward deposit. The cost of that deposit is called:

A : Forward-forward rate

B : All of the above

C : Implied rate

D : Break-even rate

Answer: B

Question 2

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 3

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 4

Dealers are authorized to deal:

A : anywhere, even away from their own dealing premises

B : after-hours, but only from their private residence

C : after-hours, but only if listed as such by management

D : away from their broker-s dealing premises

Answer: C

Question 5

What is the minimum basis on which a BCP should be updated and tested?

A : Whenever the BCP procedures are changed

B : Every 3 months

C : Every 6 months

D : Yearly

Answer: D

Page: 1 / 84

Total 420 Questions | Updated On: Apr 01, 2026

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