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All of the following statements about the money markets are correct, EXCEPT: Select one: a. Generally, money market securities are discount instruments. b. The transactions
All of the following statements about the money markets are correct, EXCEPT:
Select one:
a.
Generally, money market securities are discount instruments.
b.
The transactions involved are typically in large amounts.
c.
New Zealand Treasury bills are the most liquid money market securities.
d.
Money market instruments are generally highly negotiable securities.
e.
Money market instruments generally have low credit risk.
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