Which of the following describes a repo?
A) Where a bank sells assets to person or institution A in return for buying assets from person or institution B
B) Where a bank sells some assets (e.g. bonds) and agrees to buy them back at a particular price after a set period of time
C) Where bank A lends to bank B provided that bank B is prepared to lend to bank A in the future
D) Where a bank agrees to buy certain assets from an institution for cash in return for being able to borrow from that institution in the future
E) All of the above
Correct Answer:
Verified
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(i) Bills of Exchange
(ii)
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A) help people.
B)
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A)
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