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CFIN Chapter 6 Exam Questions and Complete Solutions Graded A+. $13.49   Add to cart

Exam (elaborations)

CFIN Chapter 6 Exam Questions and Complete Solutions Graded A+.

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  • Course
  • CFIN Financial Accounting
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  • CFIN Financial Accounting

CFIN Chapter 6 Exam Questions and Complete Solutions Graded A+.

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  • August 21, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • CFIN Financial Accounting
  • CFIN Financial Accounting
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CFIN Chapter 6 Exam Questions and
Complete Solutions Graded A+




Denning [Date] [Course title]

, debt - Answer: a loan to a girm, gov't, or individual



discounted securities - Answer: securities selling for less than par value



treasury bills (T-bills) - Answer: discounted debt instruments issued by the US gov't



characteristics of debt - Answer: 1. principal value 2. interest payments 3. maturity date 4. priority to
assets and earnings 4. control of the firm (votings rights)



types of short term debt - Answer: 1. treasury bills (t-bills) 2. repurchase agreements (repos) 3. federal
funds 4. bankers acceptance 5. commercial paper 5. CD's 6. eurodollar deposits 7. money market mutual
funds



repurchase agreement - Answer: short term debt, arrangement where one firm sells some of its
financial assets to another firm with a promise to repurchase the securities at a later date



federal funds - Answer: short term debt, overnight loans from one bank to another



bankers acceptance - Answer: short term debt, instrument issued by a bank that obligates the bank to
pay a specified amount at some future date



commercial paper - Answer: short term debt, a discounted instrument that is a type of promissory note
or legal IOU issued by large, financially sound firms



CD - Answer: short term debt, certificate of deposit, interest earning time deposit at a bank or other
financial intermediary



eurodollar deposit - Answer: short term debt, a deposit in a foreign bank that is denominated in US
dollars



money market futual funds - Answer: short term debt, pools of funds managed by investment
companies that are primarily invested in short term financial assets

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