When Banks Need Funding for Just a Few Days, They

question 32

Multiple Choice

When banks need funding for just a few days, they would most likely

• A)issue bonds and then call them.
• B)issue stock and then repurchase it.
• C)borrow in the federal funds market.
• D)issue NCDs.

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Definitions:

Ontario Court

A reference to the judicial system of Ontario, Canada, including various levels of courts such as the Superior Court of Justice and the Ontario Court of Appeal.

Appeal

The process of challenging a decision made by a court in a higher court to review and possibly reverse the decision.

Stare Decisis

A legal doctrine under which courts are obliged to follow precedents established in previous decisions.

Courts of Chancery

Traditional courts dealing with equity, trusts, estates, and guardianships, distinct from courts of law.