002-101 Exam Guide
This 002-101 exam focuses on practical knowledge and exam application scenarios related to the subject area. It evaluates your ability to understand core concepts, apply best practices, and make informed decisions in realistic situations rather than relying solely on memorization.
This page provides a structured exam guide, including exam focus areas, skills measured, preparation recommendations, and practice questions with explanations to support effective learning.
Exam Overview
The 002-101 exam typically emphasizes how concepts are used in professional environments, testing both theoretical understanding and practical problem-solving skills.
Skills Measured
- Understanding of core concepts and terminology
- Ability to apply knowledge to practical scenarios
- Analysis and evaluation of solution options
- Identification of best practices and common use cases
Preparation Tips
Successful candidates combine conceptual understanding with hands-on practice. Reviewing measured skills and working through scenario-based questions is strongly recommended.
Practice Questions for 002-101 Exam
The following practice questions are designed to reinforce key 002-101 exam concepts and reflect common scenario-based decision points tested in the certification.
Question#1
Which of the following best describes a non-deliverable forward?
A. A forward contract settled by physical delivery of both currencies
B. A forward contract settled by a cash difference in a convertible currency
C. A futures contract traded only on an exchange
D. A money market deposit with no maturity date
Question#2
The main purpose of collateral in secured funding is to:
A. Reduce credit exposure to the cash borrower
B. Increase operational risk
C. Remove all market risk
D. Replace the need for legal documentation
Question#4
A confirmation discrepancy should be:
A. Left unresolved until maturity
B. Corrected only after settlement fails
C. Deleted from the system
D. Investigated and resolved as soon as possible
Question#5
A haircut in a repo transaction is used to:
A. Reduce the coupon rate of the security
B. Provide protection against changes in collateral value
C. Increase the maturity of the repo automatically
D. Avoid confirmation of the transaction
Disclaimer
This page is for educational and exam preparation reference only. It is not affiliated with ACI, ACI Dealing Certificate, or the official exam provider. Candidates should refer to official documentation and training for authoritative information.
