1. Finance companies play a unique role in money markets by Group of answer choices

A. assisting the government in its sales of U.S. Treasury securities.

B. combining consumers' investments to purchase money market securities on their behalf.

C. borrowing in capital markets to finance purchases of money market securities.

D. giving consumers indirect access to money markets.

2. Federal funds are Group of answer choices

A. lent by banks that have an excess of reserves.

B. borrowed by banks that have a deficit of reserves.

C. usually overnight investments.

D. all of the above.

E. only A and B of the above.

3. The usual maturity range for commercial paper is Group of answer choices

1 to 7 days.

1 to 270 days.

4, 13, and 26 weeks.

1 to 15 days.

4. Negotiable certificates of deposit Group of answer choices

are bearer instruments because their holders earn the interest and principal at maturity.

typically have a maturity of one to four months.

are usually denominated at $100,000.

are all of the above.

are only A and B of the above.