ACI Exam 3I0-008 Topic 1 Question 1 Discussion

Actual exam question for ACI's 3I0-008 exam

Question #: 1
Topic #: 1

A customer gives you GBP 25 million at 6.625% same day for 7 days. Through a broker, you place the funds with a bank for the same period at 6.6875%. Brokerage is charged at 2 basis points per annum. What is the net profit or loss on the deal?

AProfit of GBP 299.66

BProfit of GBP 203.77

CLoss of GBP 299.66

DLoss of GBP 203.77

Show Suggested Answer

Suggested Answer: B

by Chauncey at May 07, 2022, 12:49 PM

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