19. Which of the following is FALSE? Select one: O a. Money market securities include Treasury bills, commercial paper, federal funds, repurchase agreements, negotiable certificates of deposit, banker's acceptances, and Eurodollars. O b. Banks are regular participants in the money market. They buy and sell money market instruments c. The T-bill is not an investment to be used for anything but temporary storage of excess funds because it barely keeps up with inflation O d. Money markets are used extensively by businesses both to warehouse surplus funds and to raise long-term funds. 20. Which of the following is TRUE? Select one: O a. In general, money market instruments are low-risk, high-yield securities. O b. The Treasury accepts noncompetitive bids in descending order of price until the accepted bids reach the offering amount. O c. The market for U.S. Treasury bills is a shallow market because few individual investors are allowed to buy T-bills. O d. Occasionally, investors find that earnings on T-bills do not compensate them for changes in purchasing power due to inflation