题目内容

Federal funds ().

A. are short-term funds transferred between financial institutions, usually for a period of one day
B. actually have nothing to do with the federal government
C. provide banks with an immediate infusion of reserves
D. are all of the above

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Finance companies raise funds in the money market by selling ().

A. commercial paper
B. federal funds
C. negotiable certificates of deposit
D. Eurodollars

Money market instruments issued by the U.S. Treasury are called ().

A. Treasury bills
B. Treasury notes
C. Treasury bonds
D. Treasury strips

Suppose that you purchase a 182-day Treasury bill for $9,850 that is worth $10,000 when it matures. The security's annualized yield if held to maturity is about ().

A. 1.5%
B. 2%
C. 3%
D. 6%

Money market instruments ().

A. are usually sold in large denominations
B. have low default risk
C. mature in one year or less
D. have high liquidity

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