Exchange Summary Fax Is a Statement of Obligations Accrued During

question 44

Multiple Choice

Exchange summary fax is a statement of obligations accrued during the course of the day by a financial institution participating in the payments system against:

• A)businesses and households holding deposit accounts in that institution.
• B)the RBA.
• C)other institutions participating in the payments system.
• D)the national collator.

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Definitions:

Quoted

Refers to stating the current price of a stock, bond, commodity, or any financial instrument, or the most recent bid and ask prices available.

Yield To Maturity

The cumulative earnings forecasted from a bond assuming it is kept until its expiration date.

Annual Coupon

The yearly interest payment made to bondholders, generally expressed as a percentage of the bond's face value.

Face Value

The face value or the amount in dollars shown on a bond, note, or any financial instrument, representing its value upon reaching maturity.