ACI
3I0-012 · Question #225
You have quoted your customer the following CAD deposit rates: 1M 1.00-05% 2M 1.06-11% 3M 1.13-18% The customer says, "I give you CAD 20,000,000.00 in the two's". What have you done?
The correct answer is A. Borrowed CAD 20,000,000.00 at 1.06%. See the full explanation below for the reasoning.
Question
You have quoted your customer the following CAD deposit rates:
1M 1.00-05% 2M 1.06-11% 3M 1.13-18% The customer says, "I give you CAD 20,000,000.00 in the two's". What have you done?
Options
- ABorrowed CAD 20,000,000.00 at 1.06%
- BLent CAD 20,000,000.00 at 1.11%
- CBorrowed CAD 20,000,000.00 at 1.11%
- DLent CAD 20,000,000.00 at 1.06%
How the community answered
(25 responses)- A80% (20)
- B12% (3)
- C4% (1)
- D4% (1)
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