The difference between Term PRAs and special PRAs, is that term PRAs have ________.
A) a term shorter than one business day, typically a term of 2 hours
B) a term longer than one business day, typically a term of 28 business days
C) a term longer than year, typically a term of 3 years
D) a term longer than one business day, typically a term of 6 months

Question

Quizplus · Accepted Answer

Term Purchase and Repurchase Agreements (PRAs) typically have a term longer than one business day, with a common duration being around 28 business days, distinguishing them from special PRAs which often have shorter terms.

The Difference Between Term PRAs and Special PRAs, Is That