【单选题】Money-market securities have three basic characteristics in common EXCEPTA ().
A. they are usually sold in large denominations
B. they have low default risk
C. they mature in one year or less from their original issue date
D. they are less liquid
【单选题】Most investors are using the () as an interim investment that provides a higher return than holding cash or money in banks.
A. financial market
B. money market
C. capital market
D. debt market
【单选题】A variety of money market instruments are available to meet the diverse needs of market participants. The more popular money market instruments include the following EXCEPTA ().
A. treasury bills
B. commercial paper
C. negotiable certificates of deposit
D. securities
【单选题】Which of the following statements about treasury bills are not true ?
A. It is the most widely held liquid security .
B. They are backed by the government and therefore are virtually free of default risk
C. They will probably suffer from the unexpected changes in inflation
D. The markets for treasury bills in most developed countries are deep and liquid
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