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QUESTION 1
You take a EUR deposit on Monday, 13 February. Assuming there are no intervening bank holidays, what is the one-month maturity date?
A. Monday, 13 March
B. Tuesday, 14 March
C. Wednesday, 15 March
D. Thursday, 16 March
Correct Answer: C QUESTION 2
A broker:
A. Is an agent who mediates between buyers and sellers, for their mutual financial interest
B. Controls country limits in cooperation with the compliance officer
C. Is responsible for reducing transaction fees
D. Acts as a correspondent bank
Correct Answer: A QUESTION 3
What does “modified following businessday convention” mean?
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