Which of the following definitions of a nostro account is correct?

Question

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.

• A
  4% (1)
• B
  13% (3)
• C
  78% (18)
• D
  4% (1)

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