11. Treasury securities

a.	have a maturity of up to five years.
b.	have an active secondary market.
c.	are commonly sold at par value.
d.	commonly offer coupon payments.

____ 12. At any given time, the yield on commercial paper is ____ the yield on a T-bill with the same maturity.

a.	slightly less than
b.	slightly higher than
c.	equal to
d.	A and B both occur with about equal frequency

____ 13. The __________ is directly responsible for controlling money supply growth.

a.	Federal Advisory Council.
b.	FOMC also known as the Federal Open Market Committee.
c.	Donald Duck.
d.	President Donald Trump.
e.	US Treasury.

____ 14. Bonds issued by ____ are backed by the federal government.

a.	the Treasury
b.	AAA-rated corporations
c.	state governments
d.	city governments

____ 15. Which of the following is not a money market security?

a.	Treasury bill
b.	negotiable certificate of deposit
c.	common stock
d.	federal funds