In the late 2000's, Ugg Boots became a major fashion fixture, sported by everyone from celebrities to college students. The Ugg boots craze is an example of a
trend within the United States.

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.