Which of the Following Money Market Investments Is a Draft

question 44

Multiple Choice

Which of the following money market investments is a draft written by the borrower and guaranteed by the bank on which the draft is drawn? It is typically used in international trade transactions.The borrower is an importer who writes the draft in payment for goods.

• A) Treasury Bill
• B) Repurchase Agreement
• C) Certificates of Deposit (CD)
• D) Banker's Acceptance
• E) Commercial Paper

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Definitions:

Domestic-born Workers

Employees who are born in the country where they are working, as opposed to foreign-born workers.

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A principal agency of the U.S. Federal Statistical System, responsible for producing data about the American people and economy.

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People who enter or reside in a country without the necessary permissions or violating immigration laws.

Remittances

Financial transfers made by individuals working abroad to family members or others in their home country.