CM-LIC (Set 2)

SGD 39.90

4 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.

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  • CM-LIC (Set 1)

    SGD 39.90 Add to cart

    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.