Interest Rate Markets Quiz 3: Difference between revisions
m (New page: <quiz display=simple shuffle=true case=(i)> { '''Treasury Notes''' |type="{}"} Treasury notes are issued with terms to maturity of { 5 }, { 13 } or { 26 } weeks. Tenders are lodge at { 12 ...) |
mNo edit summary |
||
(One intermediate revision by the same user not shown) | |||
Line 9: | Line 9: | ||
{ '''Bills of exchange''' | { '''Bills of exchange''' | ||
|type="{}"} | |type="{}"} | ||
A bill of exchange is { negotiated } instrument which is sold at a { discount } to its face value. Its term can vary from { one } { day } to { six } { months }. | A bill of exchange is a { negotiated } instrument which is sold at a { discount } to its face value. Its term can vary from { one } { day } to { six } { months }. | ||
The main use of bills of exchange in Australia is as a means of obtaining { credit }, but not necessarily related to specific trading transactions. Bills not related to trade transactions are called '{ accommodation }' bills. | The main use of bills of exchange in Australia is as a means of obtaining { credit }, but not necessarily related to specific trading transactions. Bills not related to trade transactions are called '{ accommodation }' bills. | ||
Line 38: | Line 38: | ||
[[Interest Rate Markets Quiz 4]] | [[Interest Rate Markets Quiz 4]] | ||
[[Interest Rate Markets Quiz 6]] |