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NEW QUESTION: 1
Almost all bonds and currencies trade in:
A. Brokered markets.
B. Quote-driven markets.
C. Order-driven markets.
Answer: B
Explanation:
In a quote-driven market customers trade at the prices quoted by dealers.

NEW QUESTION: 2
A project has five activities: A-B-C-D-E All are finish-to-start (FS) Activity duration and order of implementation are as follows Activity A has a duration of one day Activity B follows A and takes five days Activity C follows B and takes two days. Activity D follows B and A and takes two days. Activity E is preceded by C and D and takes two days What are the total float and free float days for activity D?
A. 0.0
B. 5.0
C. 5.5
D. 0.5
Answer: A

NEW QUESTION: 3
The purpose of cash letters is to:
A. arrange currency deliveries from the Fed.
B. collect merchant charge-card sales.
C. facilitate the clearing of paper checks.
D. request payment under standby letters of credit.
Answer: C