ACI
3I0-013 · Question #173
3I0-013 Question #173: Real Exam Question with Answer & Explanation
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Question
Due to an error by your dealers, your bank is 5 days late in paying EUR 10,000,000.00. Your correspondent bank says it will charge you 6% p.a. plus reserve costs of EUR 1.00 per thousand. How much will your account be charged for this overdraft?
Options
- AEUR 8,219.18
- BEUR 8,333.33
- CEUR 18,219.18
- DEUR 18,333.33
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