Practice Test - Level 1 A - Quiz, Flashcards & Trivia

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3. 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.

True

False

4. Which balance sheet account is used for TEA power sales?

1321

2111

2121

1311

None of the above

5. How many transaction discoveries and/ or hourly discoveries are required to get a Settlement code of EA/EC-4?

Two transaction discoveries.

Two hourly discoveries w/ no transaction discoveries selected.

One transaction discovery.

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.

True

False

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

Bookout

Sleeve

Resupply

Loss Repay

None of the above

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

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

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

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

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

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

None of the above.

9. The POR (Point of Receipt) is another way of describing the market location on a deal.

True

False

10. Match the balance sheet sub-account code with the correct description.

xx-03-xx-xx-xx-xxxx

xx-01-xx-xx-xx-xxxx

xx-02-xx-xx-xx-xxxx

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