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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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