Multiple choice technology packaged enterprise solutions

Nostro Reconciliation represent which type of Reconciliation?

  1. Cash Reconciliation

  2. Postion Reconciliation

  3. Trade Reconciliation

  4. System Reconciliation

  5. None of the above

  6. Above all
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A Correct answer
Explanation

Nostro reconciliation is the process of reconciling cash balances between a bank's internal ledger and the account statement provided by its foreign correspondent bank (the Nostro account), classifying it as Cash Reconciliation.

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