Commercial banks lend excess reserves for one day in the
A. stock market.
B. federal funds market.
C. reserves market.
D. over?the?counter market.
Answer: B
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If the rate of interest on bonds is lower that the current market rate, the bonds will sell at
a. a discount. b. a premium. c. face value. d. maturity value.
If sales volume expands materially late in the year, days' sales in receivable will be:
a. unaffected by the choice of a natural business year over a calendar year-end. b. understated in one year and overstated in the following period. c. understated. d. overstated.
In a feedback session with one of her employees, Portia wants to reach an agreement with the employee on the best way to overcome obstacles in order to improve the employee's actual performance. Portia would be best served by using the problem-solving format.
Answer the following statement true (T) or false (F)
If ABC must have loan proceeds of $540,000, then it must borrow
DEF, Inc. requires $540,000 in short-term credit and is currently arranging a loan with its bank. ABC plans to use the funds for six months; the annual rate on the loan is 5%, and the bank will require a 10% compensating balance. A) $540,000. B) $600,000. C) $486,000. D) $660,000.