The transaction of federal funds usually take place in the form of:
A. functional loans
B. annual loans
C. unsecured loans
D. secured loans
The difference between purchase price of treasury bills and the face value of treasury bills is considered as:
A. premium
B. discount
C. return
D. mean value
The bidder who can receive the allocation of treasury bills before all other bidders is the result of:
A. highest bidder
B. lower bidder
C. zero bidder
D. non-competitive bidder
The non-competitive bidding of treasury bills also allow participation of:
A. secured investors
B. federal investors
C. small investors
D. large investors
The type of market in which the short term instruments are traded and purchased by economic units, is classified as:
A. money markets
B. capital markets
C. debt markets
D. economic markets
Financial panic that produce large losses for public can cause:
A. serious damage to economy
B. problems for investors
C. pulling of funds
D. soundness of institutes
The group of dealers and brokers in financial institutions also include:
A. money and security brokers
B. capital brokers
C. mortgage brokers
D. expansionary brokers
The limit of getting treasury bills auctioned in a treasury auction is that no bidder can get more than:
A. 0.35
B. 0.3
C. 0.25
D. 0.2
The promissory notes issued by company for short term fund raising are unsecured are classified as:
A. unsecured notes
B. debt paper
C. term paper
D. commercial paper
The bankers acceptance which is usually time draft is fully backed by:
A. commercial banks
B. Swiss banks
C. agriculture banks
D. functional banks
