Complete

the following sentence by choosing the correct combination below:

The …

is a bill of exchange issued by … for the purpose of … .

a.   

negotiable

certificate of deposit (NCDs); South African Reserve Bank; funding

previously

issued (NCDs)

b.   

repurchase

agreement; government; raising short-term funds

c.    

commercial

paper; companies; financing working capital

d.   

banker

acceptance; bank; financing outstanding trade receivables