Clement applies for a home loan at global bank inc. as part of the process, he provides his personal details to the banker who is responsible for sanctioning loans. the banker uses clement's personal information to sell him insurance policies. in this scenario, the banker's action is considered ethical, but illegal legal, but unethical unethical and illegal legal and ethical

Which of the following correctly describes a repurchase agreement? the sale of a security with a commitment to repurchase the same security at a specified future date and a designated price. the sale of a security with a commitment to repurchase the same security at a future date left unspecified, at a designated price. the purchase of a security with a commitment to purchase more of the same security at a specified future date.