A. letter of confirmation
B. letter of transfer
C. letter of credits
D. letter of buying
Related Mcqs:
- The bankers acceptance which is usually time draft is fully backed by ___________?
A. commercial banks
B. Swiss banks
C. agriculture banks
D. functional banks - The repurchase agreements usually called repos, can be traded _____________?
A. directly
B. with brokers or dealers
C. functional buyers
D. both A and B - The deposit issued by bank are usually negotiable and have specific maturity date and interest rate, hence it is classified as _____________?
A. indirect certificate
B. direct certificate
C. negotiable certificate
D. deposit certificate - The type of negotiable certificate of deposits is usually classified as ___________?
A. primary instrument
B. bearer instrument
C. term instrument
D. interim instrument - The certificate of deposits which are usually negotiable are issued by ____________?
A. banks
B. financial market
C. stock exchange
D. business corporations - The funds transferred usually for a day between financial institutions are classified as __________?
A. federal funds
B. banker’s funds
C. debt funds
D. secured funds - The transaction of federal funds usually take place in the form of ___________?
A. functional loans
B. annual loans
C. unsecured loans
D. secured loans - The rate which is used in major banks in United States as a rate for industrial and commercial loans is _____________?
A. London intra bank offered rate
B. London interbank offered rate
C. euro interbank offered rate
D. demand intra bank rate - In borrowing and lending of federal funds, the federal funds rate is result of function between _____________?
A. assets and liability
B. cost and marketing
C. supply and demand
D. income and expense - The repurchase price is subtracted from selling price, divided by selling price and multiplied to 360 by number of days, Up to maturity to calculate _____________?
A. repurchase agreement yields
B. purchase agreement yields
C. repurchase yields
D. transaction yields
