Use the Following Two Choices to Identify Whether Each Intermediary

question 90

Multiple Choice

Use the following two choices to identify whether each intermediary or entity is a net buyer or net seller of credit derivative securities.

Banks

• A)Net buyer (typically)
• B)Net seller (typically)

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Definitions:

Tender

An offer by a party in a contract to perform, along with being ready, willing, and able to perform, a duty outlined in that contract.

Conforming Goods

Goods that meet the specifications and quality standards outlined in a purchase contract.

Course of Dealing

The behavior and pattern of actions between parties that establishes a common basis for understanding their conduct in executing agreements.

Nonconforming Goods

Goods delivered under a sales contract that fail to meet the quality or specifications agreed upon by the seller and buyer.