FIN 355 Quiz 7 ANSWER
- From Business, General Business
- NUMBER1TUTOR
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Question 1
2 out of 2 points
Correct
The industry practice is that, when an investor in a repo transaction needs cash early, _______.
Answer
Selected Answer:
the borrower returns the cash early upon request
Correct Answer:
the borrower returns the cash early upon request
Question 2
2 out of 2 points
Correct
Money market investors buy short-term instruments due to _______.
Answer
Selected Answer:
the short-term nature of their cash surpluses
Correct Answer:
the short-term nature of their cash surpluses
Question 3
2 out of 2 points
Correct
A covenant refers to _______.
Answer
Selected Answer:
a provision of a long-term debt contract
Correct Answer:
a provision of a long-term debt contract
Question 4
2 out of 2 points
Correct
Which of the following money market instruments has the largest volume of secondary market trading?
Answer
Selected Answer:
on-the-run Treasury bill
Correct Answer:
on-the-run Treasury bill
Question 5
2 out of 2 points