Which of the following are characteristics of repurchase agreements?
I. Agreements are written for very short periods of time.
II. Agreements are generally written for 6 months or more.
III. U.S. government issues are often sold and then repurchased.
IV. The agreements are usually executed in sizes of $500,000 or less.
a. I
b. II and III
c. II, III, and IV
d. I and III
e. None of the above