As defined in Accounting Standards Codification, dollar purchase agreements are the agreements to sell and repurchase similar and identical securities.

Name: As defined in Accounting Standards Codification, dollar purchase agreements are the agreements to sell and repurchase similar and identical securities.
Brand: Quizplus
Rating: 4.9 (56 reviews)

Question

Quizplus · Accepted Answer

The correct term is "repurchase agreements" or "repos," which involve selling securities with an agreement to repurchase them later, not "dollar purchase agreements."

As Defined in Accounting Standards Codification, Dollar Purchase Agreements Are