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7. A time draft payable to seller of goods, with payment guaranteed by a bank is A) Commercial paper B) T-Bills C) Repurchase agreement D)

7.

A time draft payable to seller of goods, with payment guaranteed by a bank is A) Commercial paper B) T-Bills C) Repurchase agreement D) Negotiable CD E) Banker's acceptance

8.

The international version of the fed funds rate is called A) LIBOR B) The repo rate C) The Euro rate D) International dollar rate E) The exchange rate

9.

Which of the following money market instruments is (by far) the smallest in terms of dollar amount outstanding? A) Banker's acceptance B) Negotiable CDs C) Fed funds and repos D) U.S. T-Bills E) Commercial paper

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