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With regard to a rollover bill financing facility: Group of answer choices A. the bank agrees to sell commercial bills drawn by the borrower for
With regard to a rollover bill financing facility: Group of answer choices A. the bank agrees to sell commercial bills drawn by the borrower for unspecified amounts. B. the bank agrees to sell commercial bills drawn by the borrower up to a specified limit. D. none of the given answers are correct. C. the discounter agrees to sell commercial bills drawn by the borrower up to a specified limit. On Tuesday, the Reserve Bank announces details of a 26-week T-note tender, with competitive bids to close on Wednesday. A bank lodged a successful bid for $5 000 000 in T-notes at a yield of 6.57% per annum. Settlement is required on Thursday through RITS. What amount will the bank need to pay on settlement? Group of answer choices $4 841 395.87 $4 988 327.31 $4 998 362.54 $4 843 084.08 Monetary policy action can be implemented through open market operations. All of the following actions can be considered open market operations EXCEPT: Group of answer choices C. purchases of CGSs to inject additional cash into the financial system. B. sales of CGSs to reduce supply of cash in money market. D. allocation of a portion of CGS to the Reserve Bank during the tender. A. those conducted primarily by repurchase agreements (repos) on nominated debt securities
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