Practice Test - 90 Day Assessment B

10 Questions | Total Attempts: 50

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Practice Test - 90 Day Assessment B

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


Questions and Answers
  • 1. 
    Financial settlement of power that did not flow in a FLD (Firm Liquidated Damages) market is considered a:
    • A. 

      Resupply

    • B. 

      BPA Loss Repay

    • C. 

      Bookout

    • D. 

      Dump

    • E. 

      Preschedule

  • 2. 
    The purpose of the strategy on a deal is to determine which party will handle the funds from the transaction.
    • A. 

      True

    • B. 

      False

  • 3. 
    The price at which a company is willing to sell power is called an offer.
    • A. 

      True

    • B. 

      False

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

      Pre-schedule transaction

    • B. 

      Multi - Day transaction

    • C. 

      Hourly transaction

    • D. 

      Term transaction

  • 5. 
    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                     .
  • 6. 
    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
    • A. 

      Transaction 1 should have a strategy of MEAG Power.

    • B. 

      The internal company for transaction 1 should be NCMPA1 Cash.

    • C. 

      There is nothing wrong with the scenario.

    • D. 

      TEA prices do not equal.

    • E. 

      The strategy on transaction 1 should be NCMPA1 Power.

  • 7. 
    Which code is associated with an Agent Cash Transaction?
    • A. 

      ET-16

    • B. 

      ET-14

    • C. 

      ET-3

    • D. 

      ET-8

  • 8. 
    If a 3rd party sends an invoice on the 18th calendar day, per contract agreements, TEA must pay them on the 20th calendar day.
    • A. 

      True

    • B. 

      False

  • 9. 
    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.
    • A. 

      True

    • B. 

      False

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