1.The least liquid of the money market securities are

		A.commercial paper.
		B. banker's acceptances.
		C.T-bills.
		D.Fed funds.
		E.repurchase agreements.

2.

Which of the following statements about Credit unions is true? I. They are organized as mutual associations. II. They are normally open to the general public. III. They are for profit institutions and as such pay taxes IV. Credit unions often receive donated services and donated facilities which help keep their costs down. V. Credit union regulators are not as adversarial as bank regulators.

A.I and IV
B. II and III
C. I, IV, and V
D. I, II, III, IV, and V
E. II, III, and V