Practice Test - Level 1 A
10 Questions
| Total Attempts: 40
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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