10.
If an institutional investor wants to borrow money for 30 days to finance a bond purchase, which of these is most likely to be the lowest loan rate available?
A. Term repo rate
B. Call money rate
C. Broker loan rate
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Ans: A;
A is the correct answer because for institutional investors the term repo rate is less than the cost of bank financing (i.e., broker loan rate or call money rate.)
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发表于 2013-9-26 08:43
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