3I0-013

3I0-013 practice questions, page 7 of 16, with answer review and explanations.

Question 31

What is the function of the cash positions keeper?

  1. He/she acts as a running control on the balance of a nostro, alerting the treasury dealer when funds are running too low or too high for a particular value day measured by agreed upon internal parameters
  2. He/she assists the dealer in deciding which currency to invest in
  3. He/she informs back office staff about which kind of confirmations are to be used
  4. He/she acts as a running control on the balance of an internal account, alerting the treasury dealer when fees are running too low or high for a particular value day

Question 32

What is the most important feature of a brokerage reconciliation?

  1. It must be processed once a year
  2. Brokers’ bills should be reconciled during the night when no other system is running
  3. Brokers’ bills must be reconciled promptly at month-end prior to payment
  4. The existence of a single reference currency for all the brokers with whom your institution is dealing

Question 33

What is the first task of the cash positions keeper every day?

  1. Makes sure the opening position for the current day is the agreed and reconciled position from the previous day
  2. Makes sure the previous day1s pending position is the opening position for the current day
  3. He/she checks to see which dealer is in charge of which currency for that day
  4. He/she checks to see which countries have bank holidays that day

Question 34

When completing a nostro reconciliation, what does an unresolved ledger credit signify?

  1. The duplicate receipt of funds from a counterparty
  2. The non-payment of funds to a counterparty
  3. The duplicate payment of funds to a counterparty
  4. The non-receipt of funds from a counterparty

Question 35

What is a future nostro balances report?

  1. A list of the final maturity of bonds per value date
  2. An account of the possible fees to be paid
  3. A comparison of the overdraft interest to be paid on different nostro accounts
  4. A report produced to show the anticipated balance on the account as a result of running off existing business