ACI
3I0-013 · Question #56
A month ago, a customer placed NZD 100,000.00 at 2.00% on a time deposit for 90 days. Today, 30 days later, he requests an anticipated close of his deposit. 2 and 3 month interbank rates are 2.10%…
The correct answer is D. You agree and pay back to the customer the capital plus 2.00% interest on 90 days minus. See the full explanation below for the reasoning.
Question
A month ago, a customer placed NZD 100,000.00 at 2.00% on a time deposit for 90 days. Today, 30 days later, he requests an anticipated close of his deposit. 2 and 3 month interbank rates are 2.10% bid and 2.20% offered. What do you do?
Options
- AYou agree and pay back to the customer the capital plus 2.00% interest calculated on 30 days
- BYou agree and pay back to the customer the capital plus 2.00% interest on 30 days you're your
- CYou agree and pay back to the customer the capital plus 2.00% interest on 30 days you're your
- DYou agree and pay back to the customer the capital plus 2.00% interest on 90 days minus
How the community answered
(53 responses)- A2% (1)
- B6% (3)
- C9% (5)
- D83% (44)
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