IIA
IIA-CFSA · Question #192
IIA-CFSA Question #192: Real Exam Question with Answer & Explanation
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Question
This agreement occurs when a security is sold with an agreement to buy it back. The repurchase date is usually very short term, often one day. Dealers sell a portion of their securities to entities with cash reserves and agree to buy them back for the principal plus interest. What is this?
Options
- ACertificate of deposit
- BCommercial Paper
- CMoney market fund
- DRepurchase agreement
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