ACI
3I0-013 · Question #32
What is the most important feature of a brokerage reconciliation?
The correct answer is C. Brokers'bills must be reconciled promptly at month-end prior to payment. See the full explanation below for the reasoning.
Question
What is the most important feature of a brokerage reconciliation?
Options
- AIt must be processed once a year
- BBrokers'bills should be reconciled during the night when no other system is running
- CBrokers'bills must be reconciled promptly at month-end prior to payment
- DThe existence of a single reference currency for all the brokers with whom your institution is
How the community answered
(35 responses)- A3% (1)
- B14% (5)
- C74% (26)
- D9% (3)
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