1.Why has the money market grown so rapidly in recent years? Why have its services been in heavy demand?

2. Describe the structure of interest rates in the money market. What instrument anchors the market and appears to be the foundation of other interest rates? Can you explain why this is so? Could the "anchor" of today's money market change in the future? Why?

3. How are yield spreads figured in the money market? Why is this important to know?

4. What are some of the most important determinants of the prices and yields attached to money market instruments? Can you explain why?