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9.Commercial papers need to be registered with the Securities and Exchange Commission (SEC) True/ False 10. Generally, NCD can be cashed in before maturity. True/

9.Commercial papers need to be registered with the Securities and Exchange Commission (SEC)

True/ False

10. Generally, NCD can be cashed in before maturity.

True/ False

11. NCD cannot be sold in the secondary market.

True/ False

12. US dollars deposited in a bank in Japan is not a eurocurrency.

True/ False

13. The liquidity function of the financial system is designed to protect businesses, consumers and governments against risks to people, property and income.

True/ False

14. The function of the financial system that consists of providing a channel through which the government can promote the goals of low unemployment rate and price stability is called the

  1. None of above
  2. Liquidity function
  3. Credit function
  4. Savings function
  5. Wealth function

16. Commercial banks are the most important institutional suppliers in the money market.

True/ False

17. The money market is a retail market for funds.

True/ False

18. T-bills is sold by auctions on a weekly or monthly basis.

True/ False

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