Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. what is a repurchase agreement (repo)? a. a letter

What is a repurchase agreement (Repo)? A. a letter issued by a bank to serve...

60.1K

Verified Solution

Question

Finance

What is a repurchase agreement (Repo)?

A. a letter issued by a bank to serve as a guarantee for payments made to a specified company under specified conditions

B. tradable promissory notes issues by companies, that are generally unsecured

C. a contract in which seller of a commodity or security agrees to repurchase it from the buyer at an agreed price

D. line of credit with banks or shareholders

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

Describe the role of Shh in neural tube development

Chemistry
1.2K views

Calculate: grams of CO2 generated by a car for every kilometer I drive usings the quantiy...

Programming
1.2K views

I'm supposed to create a c++ program which is supposed to take a sentence as an...

Medical Sciences
1.2K views

What is the purpose of heat fixing a slide? List the 4 major steps of the...

Physics
1.2K views

Problem 5. A non-conductive solid sphere has a volumetric charge distribution given by ρ (r) =...

Accounting
1.2K views

Minta Corporation is a leading manufacturer of sports apparel, shoes, and equipment. The company’s 2017 financial...

Statistics
1.2K views

The average life of an electric rice cooker is 5 years, with a standard deviation...

Calculus
1.2K views

Solve y 4y 5y 4xe sin x 7cos x by the method of undetermined coefficients

Calculus
1.2K views

A stone is dropped from the upper observation deck of a tower 400 m above...

Accounting
1.2K views

A company exchanged land and cash of $4,000 for similar land. The book value and...

Accounting
1.2K views

Atascadero Industries operates a Manufacturing Division and a Marketing Division Both divisions are evaluated as...

Finance
1.2K views

dwards Construction currently has debt outstanding with a market value of $87,000 nd a cost...