Money Markets
The submitted bids in the treasury bills auction consist of types which are
competitive bids
non-competitive bids
treasury bids
both A and B
both A and B
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The rate which is used in major banks in United States as a rate for industrial and commercial loans isA. London intra bank offered rate
B. London interbank offered rate
C. euro interbank offered rate
D. demand intra bank rate
The type of Eurodollars deposits denominated in banks outside United States is classified as
A. mutual certificate of deposit
B. euro dollar certificate of deposit
C. expansionary certificate of deposit
D. euro dollar contraction deposit
The negotiable deposit certificate are traded in
A. secondary markets
B. primary markets
C. direct markets
D. indirect markets
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 forgone amount for holding the balances of cash at the time they are received is classified as
A. forgone cost
B. debt cost
C. opportunity cost
D. balances cost
If the 180 days T-bill have the maturity of one year with the value of $9250 and face value is $10000 then reported discount yield is
A. 0.2
B. 0.13
C. 0.14
D. 0.15
The accounting entry of the institutions who lend federal funds to other institutions is posted as
A. liability on balance sheet
B. assets on balance sheet
C. income in income statement
D. expense on income statement
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