Agreement between a buyer and seller where the seller agrees to repurchase the securities at an agreed upon time and price. Repurchase agreements involving U.S. government securities are utilized by the Federal Reserve to control the money supply.
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About this Entry
This page contains a single entry by David published on July 12, 2005 4:03 PM.
REPLACEMENT COST was the previous entry in this blog.
RESERVES is the next entry in this blog.
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