Question
1. A repurchase agreement is most like which of the following money market instruments? A) Banker's acceptance B) Certificate of deposit C) Fed funds loan
1. | A repurchase agreement is most like which of the following money market instruments? A) Banker's acceptance B) Certificate of deposit C) Fed funds loan D) Commercial paper loan E) Eurodollar deposit |
2. | A corporation that issues a short-term unsecured borrowing that has a maturity less than 270 days is most likely using which of the following money market instruments? A) Commercial paper B) T-Bills C) Repurchase agreement D) Negotiable CD E) Banker's acceptance |
3. | A dealer is quoting a $10,000 face value, 90-day T-Bill at 1.37 bid, 1.30 ask. Assuming you place a market order, you could buy this bill at _____ or sell it at _____. A) $9,967.50 , $9,965.75 B) $9,678.00 , $9,686.00 C) $9,686.00 , $9,967.50 D) $9,965.75 , $9,947.67 E) None of the above |
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