A. Nii Laryea purchased a T-bill with a GHC10,000 par value for GHC9,465. One hundred days later, Nii sells the t-bill for GHC9,650. Assuming 365 days in a year, what is Nii Laryea's expected annualized yield from the transaction? B. Assume investors require a 5% annualized return on a six-month t-bill with a par value of GHC10,000. The price investors would be willing to pay in cedis will be?

8. According to the Loanable funds theory, how are interest rates determined?

9. Compare and contrast three different money market securities in terms of issuer, return, risk and tradability/liquidity.

10. Explain the role of non-depository financial institutions within the financial sector? Discuss the core functions of any three of these institutions. 11. In class we learnt about defined-benefit pension plans and