Question
Could you pleased provide sources as well? Thanks in advance Term: Certificates of Deposit One month:______ % Three months:______ % Six months:______ % Certificates of
Could you pleased provide sources as well? Thanks in advance
- Term: Certificates of Deposit
One month:______%
Three months:______%
Six months:______%
Certificates of Deposit
52-WEEK
Latest
Wk ago
High
Low
One month
Three month
Six Month
What it means:
A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified interest rate, and can be issued in any denomination. CDs are generally issued by commercial banks.
Source:
Source:
- Term: Bankers Acceptances
30 days: ______%
60 days: ______%
90 days: ______%
120 days: ______%
150 days: _____%
180 days: _____%
Bankers acceptance
52-WEEK
Latest
Wk ago
High
Low
30 days
60 days
90 days
120 days
150 days
180 days
What it means:
A short-term credit investment created by a non-financial firm and guaranteed by a bank to make payment. Acceptances are traded at discounts from face value in the secondary market.
Source:
Source:
3.Term: Eurodollars
One month: ______%
Two months: _____%
Three months: ____%
Four months: _____%
Five months: _____%
Six months: ______%
Eurodollars (mid rates)
LATEST
52-WEEK
Offer
Bid
Wk ago
High
Low
One month
Two-month
Three-month
Four-month
Five-month
Six-month
What it means:
U.S dollar-denominated deposits at foreign banks or foreign branches of American banks. By locating outside of the United States, Eurodollars escape regulation by the Federal Reserve Board
Background information:
Originally, dollar-denominated deposits not subject to U.S. banking regulations were held almost exclusively in Europe; hence, the name Eurodollars. Most such deposits are still held in Europe, but they also are held at in such countries as the Bahamas, Canada, the Cayman Islands, Hong Kong, Japan, the Netherlands Antilles, Panama, and Singapore. Regardless of where they are held, such deposits are referred to as Eurodollars.
Since the Eurodollar market is relatively free of regulation, banks in the Eurodollar market can operate on narrower margins than can banks in the United States. Thus, the Eurodollar market has expanded largely as a means of avoiding the regulatory costs involved in dollar-denominated financial intermediation.
Source:
Source:
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Contemporary Financial Management
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
10th Edition
978-0324289114, 0324289111
