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

a. U.S. Treasury bill

b. 6-month maturity certificate of deposit

c. common stock

d. All of the options

15. What type of portfolio construction starts with selecting attractively priced securities?

a. Bottom-up

b. Top-down

c. Upside-down

d. Side-to-side

16. The _____________ of a corn futures contract has the __________ to deliver the commodity at the expiration of the contract.

a. Seller, right

b. Buyer, right

c. Seller, obligation

d. Buyer, obligation