Question
1) Explain the mechanism of 'Banker Acceptance' through the means of an example. Explain it by supposing a scenario. 2) Calculate the Repo (Repurchase Agreement)
1) Explain the mechanism of 'Banker Acceptance' through the means of an example. Explain it by supposing a scenario.
2) Calculate the Repo (Repurchase Agreement) Interest Income by making up your own example and solve it through the formula given below. Again suppose a scenario when making up an example. (You can suppose your own values to solve the example)
FORMULA TO BE USED:
Guidelines:
- Please give an elaborative answer (min 60-70 words)
- For clarity, use correct sentence structure and grammar
I will give you a like on your effort :) Thank you
Repo term in days RP Interest Income = Amount of Loan x Current Repo rate x 360 days Repo term in days RP Interest Income = Amount of Loan x Current Repo rate x 360 days
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