22) A banker's acceptance is A) a liability of the importer and the importer's hank B) for greater than one year maturity. C) a method to help importers evaluate the creditwon D) an add-on instrument. E) a time draft drawn on the exporter's bank evaluate the creditworthiness of exporters. 24) In a Treasury auction, preferential bidding sta A) short sale committed bidders. C) competitive bidders. referential bidding status is granted to B) commercial bank bidders. D) noncompetitive bidders. 25) Which of the following descriptions does A) Low-risk Highly liquid ons does not apply to money market securities? B) High denominations D) long maturity