a) What do we mean by the term COMMERCIAL PAPER? What is the difference...
- a) What do we mean by the term COMMERCIAL PAPER?
- What is the difference between government – sponsored agency and a federal agency? Is there a practical difference between the two?
- What exactly is Bankers’ Acceptance? What is the meaning of the word “ACCEPTED”?
- What is the Eurocurrency market and why is it needed? What are the principal sources of Eurocurrency deposits? Please make a list.
Homework Answers
a) A commercial paper is a short term maturity instrument issued by corporations to meet current liabilities such as accounts payable and other outstanding's. Commercial paper usually having a full backing by a banker and are issued for less than 270 days.
b) A Government sponsored agency is a private corporation that has full backing by the government and a federal agency is one which has been established by the government. Practically there is no difference between the two since they both have full government support and financial backing.
c) A bankers acceptance is a letter issued by the bank on behalf of a customer payable to a third party. The bank here accepts to pay the amount drawn or deposited to the other party at the time and date specified.
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What do we mean by the term COMMERCIAL
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What is the difference...
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Please tell me how to do this problem and give me the correct answer. Thanks Financial...
Please tell me how to do this problem and give me the correct
answer.
Thanks
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Please tell me how to do this problem and give me the correct
answer.
Thanks
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Assignment # 1 What are the philosophical foundations of free-market ideology? 1. 2. Explain how in reality markets are and cannot be free of government intervention. What are the arguments for and against such intervention? What is meant by market failure? List six examples of such failures and explain how each example you give constitutes a market failure. What would be a remedy to each of these failures? 3. 4. In the first chapter of the textbook, you have a...
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