An example of risk-free lending is:

• A.purchasing T-bills.
• B.getting a margin loan from a stock broker.
• C.keeping currency in a wall safe.

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The cash conversion cycle is equal to which of the following?

• A.Average receivables collection period plus average inventory processing period minus payables payment period.
• B.Average inventory processing period minus average receivables collection period minus payables payment period.
• C.Average receivables collection period plus average inventory processing period plus payables payment period.

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______ ADRs are intended to be purchased by qualified institutional buyers only.

• A.Level II.
• B.Level III.
• C.Rule 144A

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To increase the federal funds rate, the Fed can use open market operations to

• A.increase the quantity of reserves demanded.
• B.decrease the quantity of reserves demanded.
• C.decrease the quantity of reserves supplied.

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Which statement(s) is/are true?
I). If one hundred units of merchandise were purchased at $15 per unit and the end-of-period replacement cost of the merchandise is $8 per unit, the merchandise will be reported at $8 per unit.
II). Goods in transit that were purchased under freight terms of FOB Shipping Point should be included in the inventory of the buyer.
III). Goods shipped FOB destination are the property of the seller until the goods are removed from the carrier and placed on the buyer's receiving dock.
IV). Goods in transit that were shipped under freight terms of 'FOB Shipping Point' should be included in the seller's inventory.

• A.I, II and III.
• B.I, III and IV.
• C.I, II and IV.

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