Financial Market — Business Studies STD 12 Commerce — Question
CBSE BoardEnglish MediumSTD 12 CommerceBusiness StudiesFinancial Market1 Mark
MCQ
Multiple choice question.REPO is:
✓
Repurchase agreement.
B
Reliance Petroleum.
C
Read and Process.
D
None of the above.
✓
Answer
Correct option: A.
Repurchase agreement.
A repurchase agreement (repo) is a form of short-term borrowing for dealers in government securities. The dealer sells the government securities to investors, usually on an overnight basis, and buys them back the following day.
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