Asked by
Connor Haskell
on Oct 20, 2024Verified
Which of the following is most like a short-term collateralized loan?
A) certificate of deposit
B) repurchase agreement
C) bankers' acceptance
D) commercial paper
Short-Term Collateralized
Financial arrangements that involve the use of assets as collateral for a short-duration loan.
Repurchase Agreement
A short-term borrowing agreement where one party sells securities and agrees to repurchase them at a higher price at a later date.
- Gain insight into the functionality and significance of money market instruments within financial markets.
Verified Answer
PL
Learning Objectives
- Gain insight into the functionality and significance of money market instruments within financial markets.