1.__________ is NOT a characteristic of a money market instrument. A. illiquidity B. short maturity C. low risk D. none of above 2. Which of the following is a characteristic of preferred stock? A. Give voting rights to its owner. B. It is like annuity. C. Investors cannot force the payment of the dividend. D. Dividends are tax-deductible for the firm as opposed to interest payment. 3. Which of the following is NOT money market security? A. Bankers acceptance B. Treasury notes C. Federal funds D. Eurodollars and Eurodollar CD's