ACI
3I0-013 · Question #274
Under what circumstances should you ask for "use of funds"?
The correct answer is D. If the net balance on a nostro account is higher than the amount agreed upon with your. See the full explanation below for the reasoning.
Question
Under what circumstances should you ask for "use of funds"?
Options
- AIf you have credit balances on several nostro accounts and have to use these balances to
- BIf your nostro A shows a debit whereas your nostro B shows a credit balance, you allow
- CIf at the end of a month, you want to collect the credit balances and to ask for credit interest
- DIf the net balance on a nostro account is higher than the amount agreed upon with your
How the community answered
(42 responses)- A7% (3)
- B14% (6)
- C2% (1)
- D76% (32)
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