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AAFM Exam GLO_CWM_LVL_1 Topic 8 Question 58 Discussion

Actual exam question for AAFM's GLO_CWM_LVL_1 exam
Question #: 58
Topic #: 8
[All GLO_CWM_LVL_1 Questions]

Which of the following is true of Reverse Repo rate?

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Suggested Answer: B

by Felix at Mar 02, 2023, 11:08 PM

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Sharen
3 days ago
Hmm, let me think... Is it the rate banks pay to borrow from the central bank? Or is it the rate they get when they lend to the central bank? I feel like I'm about to get caught in a financial loop.
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Maryln
8 days ago
Reverse Repo rate, huh? I bet it's just the repo rate in reverse - like a secret handshake between the banks and the central bank. The real question is, can I use it to reverse my financial troubles?
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Quentin
9 days ago
Hmm, that makes sense too. I guess it could be D then.
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Jeffrey
13 days ago
I disagree, I believe the answer is D) Part of funding cost for commercial banks.
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Quentin
15 days ago
I think the answer is B) Lower than repo rate.
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