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NEW QUESTION: 1
Identify, from the list provided, which category of business risk most accurately describes the events detailed below.
Answer:
Explanation:
NEW QUESTION: 2
You have two nostro accounts in USD, one account is long USD 5,000,000.00 and the other is short USD 5,000,000.00. What action should be taken to reconcile the accounts?
A. You should instruct the bank with the long balance to transfer USD 5,000,000.00 to your nostro account at the other bank
B. You should borrow USD 5,000,000.00 to cover the short balance and leave the long balance as itis
C. No action is required. The credit interest earned on the credit balance will offset the debit interest incurred on the short balance
D. You should lend the surplus USD 5,000,000.00 in order to compensate the overdraft charges on the short balance with the interest earned on the loan
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