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Exam 3I0-012 All Questions
Exam 3I0-012 All Questions

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ACI-Financial 3I0-012 Question # 133 Topic 14 Discussion

3I0-012 Exam Topic 14 Question 133 Discussion:
Question #: 133
Topic #: 14

A customer gives you GBP 25,000,000.00 at 0.625% same day for 7 days.

Through a broker, you place the funds with a bank for the same period at 0.6875%.

Brokerage is charged at 2 basis points per annum.

What is the net profit or loss on the deal?


A.

ProfitofGBP 299.66


B.

Profit of GBP 203.77


C.

LossofGBP299.66


D.

Loss ofGBP 203.77


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