For each item below, choose the investment that best fits the accompanying description:

a. Maturity often overnight (repurchase agreements/bankers’ acceptances).

b. Maturity never more than 270 days (tax-exempts/commercial paper).

c. Often directly placed with investors (finance company commercial paper/dealer commercial paper).

d. Issued by the U.S. Treasury (tax-exempts/three-month bills).

e. Quoted on a discount basis (certificates of deposit/Treasury bills).

f. Sold by auction (tax-exempts/Treasury bills).

AppendixLO1