- CFA Exams
- CFA Exam: Level I 2021
- Study Session 14. Fixed Income (1)
- Reading 43. Fixed-Income Markets: Issuance, Trading, and Funding
- Subject 5. Short-Term Funding Alternatives Available to Banks
CFA Practice Question
If a dealer is borrowing securities and lending cash to the counterparty, the transaction is termed as a ______.
B. reverse repurchase agreement
C. counterparty repurchase agreement
A. repurchase agreement
B. reverse repurchase agreement
C. counterparty repurchase agreement
Correct Answer: B
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