A Bank- Accepted Bill Contract Has Been Quoted as Being

question 18

Multiple Choice

A bank- accepted bill contract has been quoted as being priced at 95.60 by a futures trader.What does this mean?

• A)The bill's yield is 95.60 per cent.
• B)The bill's yield is 4.40 per cent.
• C)The price of the bill is $95.60.
• D)The settlement price for the futures contract is $95.60.

---

Definitions:

Capital Contribution

The funds or resources that owners inject into a company or partnership to support its operations and growth.

Personal Use

The use of a company's assets or services by an individual for their private needs, not for business purposes.

Income Ratio

A financial metric used to assess a company's ability to generate income relative to revenue, sales, assets, or equity.

Capital Balances

The amount of money or value of assets contributed by the owners or partners in a company, not including earnings or profits.