ACI
3I0-013 · Question #171
Which of the following best describes the main objective of the nostro reconciliation function?
The correct answer is B. To ensure that ail receipts of foreign currency are made in a timely fashion. See the full explanation below for the reasoning.
Question
Which of the following best describes the main objective of the nostro reconciliation function?
Options
- ATo ensure efficient cash management
- BTo ensure that ail receipts of foreign currency are made in a timely fashion
- CTo reduce the amounts paid in interest rate claims due to late payments
- DTo ensure that expected cash movements agree with the actual movements of currency
How the community answered
(56 responses)- A4% (2)
- B77% (43)
- C13% (7)
- D7% (4)
Community Discussion
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