Repurchase agreements having maturity of one week or lesser have denominations of

A. $10 million or more

B. $20 million or more

C. $25 million or more

D. $15 million or more

Answer: Option C

Solution(By Examveda Team)

Repurchase agreements having maturity of one week or lesser have denominations of $25 million or more. A repurchase agreement (repo) is a form of short-term borrowing for dealers in government securities. In the case of a repo, a dealer sells government securities to investors, usually on an overnight basis, and buys them back the following day.