Question One a) A customer of a bank opeatd a eanter acoour and eall account with CAL. Bakk and had the later linked to the current aesount wilh a throshold of GHS 300,000 . The necessary sweep-in and sweep-out foatiras were activated on the acoounts. The following transoctions were undertaken on the suld secouat lin September 2019. i. Znd Septermber - Costomer opens the accouats and lodger Gins 250,000 each ii. Jrt September - Customer withtaws GHS 130,000 iii. 4t September- Customer loders a hones chaque of GHS 550,000 Page 9 of 11 . FINC 40StExaminer: Ceorge Bakk-Dahqual iv. St Septerben- the irruce a choque of Gth 120,900 in pryment of a piece of land ts pachasel 7. 9e September - A theege er CHIS 250,000 irmoed to the account is presented thd eleartd vi. 10- September-Canomer withlres Gtis 200,600cahh vii. 11th September - Custener teceiver a crodit setification for the GHS equivalent of the USD 100,000 trander in = MT 103. The Bukk applied a tate of USDGHS 5:4000 for valoe 1 pot. viii. 20 Seplemer - cuatoner lodges a cheque of GHSS 75,000 dewn on Seanbie Bask which he seceived from a friend ix. 21" Septemeber - the Ciks 75,000 chequr in (vii) above was setimed during the scamal (vici) x. 28 Seplember - The proe prumetad the cheque of Gits 120,000 iasued on 9 " September REQUIRD: freaent the eflects of the abeve tunasctiona in a format below, (20 Murka) b) Provide five (5) poseille stasea per baeking practice for which the chegue of GHS 75,000 may have been aetimed on 21" September in (a) above. (5 Marks) Question One a) A customer of a bank opeatd a eanter acoour and eall account with CAL. Bakk and had the later linked to the current aesount wilh a throshold of GHS 300,000 . The necessary sweep-in and sweep-out foatiras were activated on the acoounts. The following transoctions were undertaken on the suld secouat lin September 2019. i. Znd Septermber - Costomer opens the accouats and lodger Gins 250,000 each ii. Jrt September - Customer withtaws GHS 130,000 iii. 4t September- Customer loders a hones chaque of GHS 550,000 Page 9 of 11 . FINC 40StExaminer: Ceorge Bakk-Dahqual iv. St Septerben- the irruce a choque of Gth 120,900 in pryment of a piece of land ts pachasel 7. 9e September - A theege er CHIS 250,000 irmoed to the account is presented thd eleartd vi. 10- September-Canomer withlres Gtis 200,600cahh vii. 11th September - Custener teceiver a crodit setification for the GHS equivalent of the USD 100,000 trander in = MT 103. The Bukk applied a tate of USDGHS 5:4000 for valoe 1 pot. viii. 20 Seplemer - cuatoner lodges a cheque of GHSS 75,000 dewn on Seanbie Bask which he seceived from a friend ix. 21" Septemeber - the Ciks 75,000 chequr in (vii) above was setimed during the scamal (vici) x. 28 Seplember - The proe prumetad the cheque of Gits 120,000 iasued on 9 " September REQUIRD: freaent the eflects of the abeve tunasctiona in a format below, (20 Murka) b) Provide five (5) poseille stasea per baeking practice for which the chegue of GHS 75,000 may have been aetimed on 21" September in (a) above
