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CTP · Question #803

(Topic 9) Exhibit: If a company had the above activity at a bank for the previous month (a 31-day month), the bank was overcompensated by approximately:

The correct answer is B. $1,886. See the full explanation below for the reasoning.

Question

  • (Topic 9)

Exhibit:

If a company had the above activity at a bank for the previous month (a 31-day month), the bank was overcompensated by approximately:

Options

  • A$1,605.
  • B$1,886.
  • C$3,491.
  • D$5,886.

How the community answered

(40 responses)
  • A
    5% (2)
  • B
    80% (32)
  • C
    3% (1)
  • D
    13% (5)

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