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Question
Suppose the Bank of America provides a 5 year credit guarantee for Dillard's Department Stores. Dillard's Department Stores periodically issues short term notes with due dates of 90 days after they are issued in the international market. Bank of American has most likely provided a(n):
A. Eurocommercial paper (ECP)
B. Depository receipt (DR)
C. Note issuance facility
D. Currency swap
E. None of the options is correct.
Answer
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Related questions
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A. Loan and lease loss allowance is added to gross loans.
B. Unearned income is subtracted from gross interest received.
C. Investment income is added to gross interest received.
D. Loan and lease loss allowance and unearned income is subtracted from gross loans.
E. Loan and lease loss allowance is subtracted from gross loans and investment income is added to gross interest received.
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The short-term securities of the bank, including T-Bills and commercial paper, are often called __________________________ because they are the second line of defense to meet demands for cash.
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C. more employees than other banks.
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Which of the following would not be a telephone service that customers can get from a bank call center?
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B. A fax copy of a loan application to the bank
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D. It should fall by 1 percent.
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Which of the following would be an example of a repriceable asset?
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B. Cash in the vault
C. Demand deposits that do not pay interest
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A. deposits and non-deposit borrowings are not affected by changes in interest rates.
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According to the textbook, the lackadaisical profit performance surrounding a merger may be explained by the:
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C. accounting irregularities when reporting earnings of the combined entity.
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