Practice Test - 90 Day Assessment B

10 Questions | Attempts: 51
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  • 1/10 Questions

    A special deal type in which two companies don't have credit which each other and TEA is put in the middle to solve this problem would be called a                     .

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Practice Test - 90 Day Assessment B - Quiz
About This Quiz

The purpose of this assessment is to help the Settlement Analyst prepare for their 90 day evaulation.

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  • 2. 

    For checkout purposes, it's okay to write-off $250 for a transmission amount of $2,750 since the policy states that an Analyst can write-off up to $500.

    • True

    • False

    Correct Answer
    A. False
  • 3. 

    A transaction with the following characteristics would be considered a: Trade Date = 4/12 Flow Date   = 4/13 Hour Ending = 1200 to 1800

    • Pre-schedule transaction

    • Multi - Day transaction

    • Hourly transaction

    • Term transaction

    Correct Answer
    A. Term transaction
  • 4. 

    The purpose of the strategy on a deal is to determine which party will handle the funds from the transaction.

    • True

    • False

    Correct Answer
    A. False
  • 5. 

    Financial settlement of power that did not flow in a FLD (Firm Liquidated Damages) market is considered a:

    • Resupply

    • BPA Loss Repay

    • Bookout

    • Dump

    • Preschedule

    Correct Answer
    A. Bookout
  • 6. 

    The price at which a company is willing to sell power is called an offer.

    • True

    • False

    Correct Answer
    A. True
  • 7. 

    If a 3rd party sends an invoice on the 18th calendar day, per contract agreements, TEA must pay them on the 20th calendar day.

    • True

    • False

    Correct Answer
    A. False
  • 8. 

    Which code is associated with an Agent Cash Transaction?

    • ET-16

    • ET-14

    • ET-3

    • ET-8

    Correct Answer
    A. ET-8
  • 9. 

    What is wrong with the scenario below? Transaction 1:      Buy Ctpy: NCMA1 RMP                 Sell Ctpy: TEA            Price: $12.00                                   Price: $25 Volume: 125                                    Volume: 125  Strategy: TEA East Power            Strategy: TEA East Power Internal Company: TEA Cash      Internal Company: TEA Cash Tag Number: TFZ2022                  Tag Number: TFZ2022 Transaction 2:      Buy Ctpy: TEA                                  Sell Ctpy: MEAG          Price: $27.00                                   Price: $38 Volume: 125                                    Volume: 125  Strategy: MEAG Power                 Strategy: MEAG Power Internal Company: TEA Cash      Internal Company: TEA Cash Tag Number: TFZ2022                  Tag Number: TFZ2022

    • Transaction 1 should have a strategy of MEAG Power.

    • The internal company for transaction 1 should be NCMPA1 Cash.

    • There is nothing wrong with the scenario.

    • TEA prices do not equal.

    • The strategy on transaction 1 should be NCMPA1 Power.

    Correct Answer(s)
    A. The internal company for transaction 1 should be NCMPA1 Cash.
    A. TEA prices do not equal.
    A. The strategy on transaction 1 should be NCMPA1 Power.

Quiz Review Timeline (Updated): Mar 21, 2022 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Mar 21, 2022
    Quiz Edited by
    ProProfs Editorial Team
  • May 01, 2013
    Quiz Created by
    Dzaros
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