Answer Happy

A repo is best described as
Group of answer choices:-
1.the sale of CGSs to the Reserve Bank by a financial
institution on condition the seller will normally buy them back by
day’s end.
2.the sale of CGSs to the public by the financial institution on
condition the financial institutions will normally buy them back by
day’s end.
3.the purchase of CGSs from the banks by the Reserve Bank on
condition the Reserve Bank will normally buy them back by day’s
end.
4.the sale of CGSs to the public by the Reserve Bank on
condition the Reserve Bank will normally buy them back by day’s
end.