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.

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Definitions:

Social Exchange Theory

A theoretical perspective that explains social change and stability as a process of negotiated exchanges between parties.

Interactions

Exchanges or communications between two or more individuals, which can influence attitudes, beliefs, and behaviors.

Rewards or Punishments

Incentives or consequences used to influence behavior and encourage compliance with rules, norms, or expectations.

Organic Solidarity

A concept in sociology that describes a form of social cohesion that arises from the interdependence of individuals in advanced, industrial societies.