ACI
3I0-012 · Question #527
3I0-012 Question #527: Real Exam Question with Answer & Explanation
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Question
Which of the following definitions of a nostro account is correct?
Options
- AA nostro account is an account held by a bank in a foreign country in the banks domestic currency.
- BA nostro account is an account held by a bank in a foreign country for cash collateralising OTC
- CA nostro account is an account held by a bank in a foreign country in the currency of that country.
- DA nostro account is an account held by a bank in its home country in a foreign currency.
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