Specimen
2031 others answered this question

MC Question 10

Which of the following statements are features of money market instruments?

1 A negotiable security can be sold before maturity
2 The yield on commercial paper is usually lower than that on treasury bills
3 Discount instruments trade at less than face value

A. 2 only
B. 1 and 3 only
C. 2 and 3 only
D. 1, 2 and 3