0.7407 points Save Answer QUESTION 19 Which of the following are true statements about T-bills? 1. T-bills typically sell in denominations of $10,000. II. Income earned on T-bills is exempt from all federal taxes. III. Income earned on T-bills is exempt from state and local taxes. land Il only land Ill only I, II, and Ill I only 0.7407 points Save Answer QUESTION 20 Which of the following is not a characteristic of a money market instrument? marketability liquidity maturity greater than 1 year low risk 0.7407 points Save Answer QUESTION 21 Which of the following is not a financial intermediary? a mutual fund a credit union an insurance company a real estate brokerage firm 0.7407 points Saved QUESTION 22 Which of the following is not a true statement regarding municipal bonds? The interest income from a municipal bond is exempt from federal income taxation. A municipal bond is a debt obligation issued by the federal government. A municipal bond is a debt obligation issued by state or local governments. The interest income from a municipal bond is exempt from state and local taxation in the issuing state. 0.7407 points Save Answer QUESTION 23 You decide to purchase an equal number of shares of stocks of firms to create a portfolio. If you wanted to construct an index to track your portfolio performance, your best match for your portfolio would be to construct a price-weighted index a bond price index an equally weighted index a value-weighted index 0.7407 points Save Answer assets define allocation of income among investors. QUESTION 24 assets generate net income to the economy, and Real, financial Real, real Financial, real Financial, financial