ACI
3I0-012 · Question #716
The use of off-market rates is discouraged and should be permitted only:
The correct answer is D. When there are written procedures and policies for such transactions. See the full explanation below for the reasoning.
Question
The use of off-market rates is discouraged and should be permitted only:
Options
- AWhen the bank's income is secured on the trade.
- BIf the unsecured credit is taken into account.
- CIt the bank knows the customer very well.
- DWhen there are written procedures and policies for such transactions.
How the community answered
(36 responses)- A3% (1)
- B11% (4)
- C6% (2)
- D81% (29)
Community Discussion
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