
CM-LIC (Set 1)
SGD 39.90
4 Sep 2025
CM-LIC Exam Question
Which of the following is NOT true regarding banker’s acceptances?
a) They are used to facilitate international commercial trade transactions.
b) They represent a claim on the issuing bank.
c) They have no maturity date.
d) They are issued at a discount to face value.
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CM-LIC (Set 2)
SGD 39.90 Add to cart4 Sep 2025
CM-LIC Exam Question
When the futures price is higher than the spot price, the situation is known as:
a) Contango.
b) Backwardation.
c) Basis.
d) Variation.



