What is the day count/annual basis convention for JPY money market deposits?
A) ACT/365
B) ACT/360
C) ACT/ACT
D) 30E/360

Name: What is the day count/annual basis convention for JPY money market deposits? A) ACT/365 B) ACT/360 C) ACT/ACT D) 30E/360
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Quizplus · Accepted Answer

The day count/annual basis convention for JPY money market deposits is ACT/360, which means the actual number of days in the deposit period is divided by 360 to determine the interest accrual. Therefore, the best choice is B, ACT/360.

What Is the Day Count/annual Basis Convention for JPY Money