ACI
3I0-013 · Question #118
A counterparty pays your bank USD 10,000,000.00 5 days late requiring you to pay overdraft charges of 8% p.a. What expenses would you claim from the counterparty in GBP at an exchange rate of 1.6000?
The correct answer is D. GBP 6,849.32. See the full explanation below for the reasoning.
Question
A counterparty pays your bank USD 10,000,000.00 5 days late requiring you to pay overdraft charges of 8% p.a. What expenses would you claim from the counterparty in GBP at an exchange rate of 1.6000?
Options
- AGBP 6,944.44
- BGBP 7,944.44
- CGBP 17,777.77
- DGBP 6,849.32
How the community answered
(45 responses)- A16% (7)
- B9% (4)
- C4% (2)
- D71% (32)
Community Discussion
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