ACI
3I0-013 · Question #29
3I0-013 Question #29: Real Exam Question with Answer & Explanation
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Question
You have two nostro accounts in USD, one account is long USD 5,000,000.00 and the other is short USD 5,000,000.00. What action should be taken to reconcile the accounts?
Options
- ANo action is required.
- BYou should borrow USD 5,000,000.00 to cover the short balance and leave the long balance
- CYou should lend the surplus USD 5,000,000.00 in order to compensate the overdraft charges
- DYou should instruct the bank with the long balance to transfer USD 5,000,000.00 to your
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