Series 7 - General Securities Representative Exam
Training Mode
Which of the following best describes repurchase agreements?
Shorting a security at the present price with a predefined buy stop order to buy them back before a certain date in the future
A
The sale of securities with a contract to purchase the same securities back at a higher price by a specific future date
B
Short term unsecured promissory notes
C
Overnight borrowings between banks and other financial institutions to maintain their reserves at the Federal Reserve
D