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CTP · Question #424
CTP Question #424: Real Exam Question with Answer & Explanation
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Question
- (Topic 5) A U.S. government agency issues securities transfers using Fedwire Book-Entry Securities System. The first transfer request of the day in the amount of $1 million is sent at 1:00 p.m. EST, the second one for $2 million at 3:30 p.m. EST, the third one for $3 million at 4:30 p.m. EST and the fourth one for $4 million at 5:00 p.m. EST, all on the same day. Which of the following represents the total value transferred at 5:00 p.m. EST that day?
Options
- AI and III only
- BII and III only
- CI, II, and III only
- DI, II, and IV only
- ILiquidating
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