Multiple Choice
_____________ is a short-term debt security sold by a business firm or financial institution to another business or institution where the seller agrees to buy back the security at a specified price and date.
A) A negotiable certificate of deposit (NCD)
B) A repurchase agreement
C) Commercial paper
D) A banker's acceptance
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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