Exam (elaborations)
GRT Quiz 3 questions with verified answers
- Course
- Institution
Exam of 4 pages for the course GRT at GRT (GRT Quiz 3 Exam)
[Show more]
Seller
Follow
Content preview
GRT Quiz 3Bank lines of credit are not needed to back issues of commercial paper by borrowers,
because in the history of commercial paper, no issue has defaulted. - answersfalse
A Repurchase Agreement or "Repo", is essentially a loan with the underlying security as
collateral. - answerstrue
Dividends are - answersNon-contractual payments from firms to shareholders
A Repurchase Agreement or "Repo", allows a bank to use someone else's funds,
without having to accept a deposit which would entail reserve requirements. -
answerstrue
Bankers' Acceptances are defined by the Federal Reserve as paper used to finance a
specified set of self-liquidating commercial transactions. - answerstrue
When a trade order is designated, "All or None", the modifier is meant to -
answersEnsure the order is executed in its entirety or not at all, although it may take
time to do so
The term, "Federal Funds" or Fed Funds, refers to excess reserves of members of
Federal Reserve System that can be loaned or "sold" to members that need reserves,
who borrow or "buy" Fed Funds. - answerstrue
A securities dealer can use Repurchase Agreements or "Repos" to lever the investment
returns on its portfolio much more than direct borrowing would allow. - answerstrue
The Fed Funds rate is quoted on a 360 day year. - answerstrue
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller DESTINYGRACE. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
66579 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now