These are legal contracts that involve the actual sale of securities by a borro

Question

These are legal contracts that involve the actual sale of securities by a borrower to a lender with a commitment on the part of the borrower to repurchase the securities at the contract price plus a stated interest charge at a later date

Options:

A . Repurchase agreement

B . Money market deposit

C . Certificate of Deposit

D . Time Draft

Answer: Option A

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