Examveda
Examveda

On which of the following instruments is the rate of return calculated on a 'discount basis'?
1. Certificates of deposit
2. Interbank deposits
3. Commercial paper
4. Repurchase agreements
5. Commercial bills

A. 3 and 5

B. 1, 3 and 4

C. 2, 3 and 5

D. 1 and 3

Answer: Option A


This Question Belongs to Commerce >> Banking And Financial Institutions

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