ACI Exam 3I0-010 Topic 1 Question 32 Discussion

Actual exam question for ACI's 3I0-010 exam

Question #: 32
Topic #: 1

A month ago, a customer placed EUR 100,000.00 at 2% on a time deposit for 90 days. Today, 30 days later, he requests an anticipated close of his deposit. 2 and 3 month interbank rates are 2 1/8% bid and 2 1/4% offered. What do you do?

AYou agree and pay back to the customer the capital plus 2% interest calculated on 30 days

BYou agree and pay back to the customer the capital plus 2% interest on 30 days less your refinancing costs of 1/8% calculated on 30 days

CYou agree and pay back to the customer the capital plus 2% interest on 30 days less your refinancing costs of 1/8% calculated on 60 days

DYou agree and pay back to the customer the capital plus 2% interest on 90 days minus the actualisation of this amount at 2 1/4% calculated over 60 days

Show Suggested Answer

Suggested Answer: D

by Louvenia at May 05, 2022, 09:20 AM

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