64. Which of the following marketable securities is the obligation of a commercial bank?

a) Commercial paper

b) Negotiable certificate of deposit c) Repurchase agreement d) T-bills

65. The basic requirement for a firm's marketable securities.

a) Safety

b) Yield

c) Marketability

d) All of the above.

66. A firm's inventory turnover (IT) is 5 times on a cost of goods sold (COGS) of $800,000. If the IT is improved to 8 times while the COGS remains the same, a substantial amount of funds is released from or additionally invested in inventory. In fact, a) $160,000 is released. b) $100,000 is additionally invested. c) $60,000 is additionally invested.

d) $60,000 is released.