14.Inflation is a.an increase in the purchasing power of money b.a decrease in the quality of goods and services c.an increase in the prices of goods and services not offset by increases in the quality of those goods and services d.a measure of the money supply 15. are debt instruments or securities with maturities of one year or less and have low default risk and high liquidity. a.capital market securities b.money market securities c.derivative securities d.treasury bonds 16. is a short-term unsecured promissory note issued by a high credit-quality corporation with maturities of one to three months in length with an active secondary money. a.A negotiable certificate of deposit (NCD) b. A repurchase agreement c.Commercial paper d.Government bond