Today's spot value date is the 30th of June. What is the maturity date of a 2-month EUR deposit deal today? Assume no bank holidays.
A) 27th August
B) 30th August
C) 31st August
D) 1 September

Question

Quizplus · Accepted Answer

Since it is a 2-month deposit deal, the maturity date will be 2 months from the spot value date, which is the 30th of August. However, there are 31 days in August, so the maturity date will be the 31st of August. Therefore, the correct answer is C.

Today's Spot Value Date Is the 30th of June