Which of the Following Currencies Is Quoted on an ACT/365

question 76

Multiple Choice

Which of the following currencies is quoted on an ACT/365 basis for the calculation of interest on interbank deposits in London?

• A) EUR
• B) JPY
• C) HKD
• D) AUD

---

Definitions:

Conflicts Of Interest

Situations where an individual's or organization's personal interests could potentially influence or appear to influence their decisions in their official capacity.

Supermajority Vote

A requirement that a motion must receive significantly more than a simple majority of votes, often two-thirds or three-quarters, to be approved.

Employee-Shareholder

An employee-shareholder is an employee who also holds shares in the company they work for, often benefiting from stock options or equity compensation plans.

Dividends

Payments made by a corporation to its shareholders, usually as a distribution of profits.