ACI
3I0-013 · Question #167
What is the meaning of "good value" in FX?
The correct answer is A. The funds must be in the nostro account of the beneficiary institution by close of business. See the full explanation below for the reasoning.
Question
What is the meaning of "good value" in FX?
Options
- AThe funds must be in the nostro account of the beneficiary institution by close of business
- BThe funds must be in the nostro account of the beneficiary institution by the beginning of
- CThe value of interest to be received is higher than the value of fees to be paid
- DThe funds must be in the internal cash account of the clearing house by close of business
How the community answered
(50 responses)- A84% (42)
- B10% (5)
- C2% (1)
- D4% (2)
Community Discussion
No community discussion yet for this question.