In July 2016 CIBC (A Bank)sold Bonds with a Negative

question 119

Multiple Choice

In July 2016 CIBC (a bank) sold bonds with a negative nominal interest rate. The most likely explanation is

• A)the supply of loanable funds was exceptionally large.
• B)the demand for loanable funds was exceptionally low.
• C)nominal interest rates were much higher than is typical.
• D)CIBC so popular that people just want to give them money.
• E)the demand for loanable funds was higher than ever before.

---

Definitions:

Prospect Order

The action of a potential buyer indicating their intention to purchase a product or service, often considered a critical step in the sales process.

T-account Close

A selling technique where the pros and cons related to a sale are listed in a T-account format to help a customer make a decision.

Successful Sales Calls

Sales visits that achieve their objectives, such as making a sale, securing leads, or strengthening customer relationships.

Future Demand

The projected need or desire for products or services at some point in the future, based on current trends, data, or predictions.