ACI Operations Certificate challenging 3I0-013 Question # 161 Topic 5 Discussion

ACI Operations Certificate challenging 3I0-013 Question # 161 Topic 5 Discussion

3I0-013 Exam Topic 5 Question 161 Discussion:
Question #: 161
Topic #: 5

Which of the following statements best describes collateral?


A.

Liquid assets pledged by one or both counterparties to the other to reduce credit risk


B.

Deposits placed by a commercial bank with a central bank to fulfill reserve asset ratios


C.

Any deposit placed by an institution with another institution of a lower credit rating


D.

Any cross border payment of currency


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