A. commercial banks
B. Swiss banks
C. agriculture banks
D. functional banks
Related Mcqs:
- The international banker’s acceptance usually arises from underlying _____________?
A. letter of confirmation
B. letter of transfer
C. letter of credits
D. letter of buying - The drafts which are backed up by banks and are payable to seller of products or services are classified as ___________?
A. banker acceptance
B. secured acceptance
C. unsecured acceptance
D. economic acceptance - The type of negotiable certificate of deposits is usually classified as ___________?
A. primary instrument
B. bearer instrument
C. term instrument
D. interim instrument - 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 repurchase agreements usually called repos, can be traded _____________?
A. directly
B. with brokers or dealers
C. functional buyers
D. both A and B - 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 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 limit of getting treasury bills auctioned in a treasury auction is that no bidder can get more than ___________?
A. 0.35
B. 0.3
C. 0.25
D. 0.2 - The bidder who can receive the allocation of treasury bills before all other bidders is the result of ___________?
A. highest bidder
B. lower bidder
C. zero bidder
D. non-competitive bidder
