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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)
  • A
    3% (1)
  • B
    14% (5)
  • C
    74% (26)
  • D
    9% (3)

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Full 3I0-013 Practice