ACI
3I0-013 · Question #212
A bank in Luxembourg has dealt an interbank money market trade with a Canadian bank and must pay USD. Whom does the Luxembourg bank you instruct for payment?
The correct answer is C. The European Central Bank. See the full explanation below for the reasoning.
Question
A bank in Luxembourg has dealt an interbank money market trade with a Canadian bank and must pay USD. Whom does the Luxembourg bank you instruct for payment?
Options
- AIts correspondent bank in Canada
- BIts national central bank
- CThe European Central Bank
- DIts correspondent bank in the USA
How the community answered
(35 responses)- A3% (1)
- B6% (2)
- C77% (27)
- D14% (5)
Community Discussion
No community discussion yet for this question.