The repurchase agreements having maturity of longer term have denominations of ____________?
Correct answer: B. $10 million
- A. $40 million
- B. $10 million
- C. $20 million
- D. $30 million
Explanation
Longer-term repurchase agreements, or term repos, commonly involve denominations of about $10 million. The larger denomination reflects their institutional money-market nature.
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