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%

  View answer resolution

  【Answer to question 1】B

  【analysis】

  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.

  【Answer to question 2】A

  【analysis】

  A is correct.