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Questions 1:
Which of the following is most likely a secondary source of liquidity?
A 、Bank line of credit
B、 Inventory liquidation
C、 Trade credit
Questions 2:
A 30-day $10,000 US Treasury bill sells for $9,932.40. The discount basis yield (DBY) is closest to:
A、 8.11%.
B、 8.17%.
C、 8.28%
B is correct. Trade credit and a bank line of credit are considered primary sources of liquidity. Liquidating inventory is a secondary source of liquidity.
A is incorrect because it is a primary source of liquidity.
C is incorrect because it is a primary source of liquidity.
A is correct.
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