Practice Test - Level 1 A

10 Questions | Total Attempts: 40

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Practice Test Quizzes & Trivia

Questions and Answers
  • 1. 
    A Member paying TEA on the 25th calendar day is acceptable since TEA pays or collects funds from 3rd parties on the 20th calendar day.
    • A. 

      True

    • B. 

      False

  • 2. 
    Which balance sheet account is used for TEA power sales?
    • A. 

      1321

    • B. 

      2111

    • C. 

      2121

    • D. 

      1311

    • E. 

      None of the above

  • 3. 
    A charge from the Transmission Provider for making sure everything is scheduled, switched, and operated correctly to provide for the movement of energy is called a(an)                             .
  • 4. 
    How many transaction discoveries and/ or hourly discoveries are required to get a Settlement code of EA/EC-4?
    • A. 

      Two transaction discoveries.

    • B. 

      Two hourly discoveries w/ no transaction discoveries selected.

    • C. 

      One transaction discovery.

    • D. 

      None of the above.

  • 5. 
    Which of the below accurately describes an internal generation deficient deal for East and Midwest markets?
    • A. 

      The capacity (gen-def) adder will equal the margin per mwh.

    • B. 

      The capacity (gen-def) adder does not apply to internal transactions.

    • C. 

      The sales price on the transaction is used to calculate the gen-def price.

    • D. 

      The trader provided MCP is used to calculate the gen-def price.

    • E. 

      The purchase price on the transaction is used to calculate the gen-def price.

    • F. 

      None of the above.

  • 6. 
    A transaction discovery in the FRCC market with volume of 25, 18, and 33 can be compared to other transactions in development of the MCP.
    • A. 

      True

    • B. 

      False

  • 7. 
    A physical transaction used to fulfill a FLD (Firm Liquidated Damages) obligation is called a:
    • A. 

      Bookout

    • B. 

      Sleeve

    • C. 

      Resupply

    • D. 

      Loss Repay

    • E. 

      None of the above

  • 8. 
    The marginal cost for a utility to produce one more unit of power is called a(n)                                 .
  • 9. 
    The POR (Point of Receipt) is another way of describing the market location on a deal.
    • A. 

      True

    • B. 

      False

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