Consider the following statements:

1. Treasury-bills in the United States are financial instruments initially sold by the commercial banks in the United States to raise funds.
2. For a limited liability company, the liability is restricted to the shareholders of the company and not the bond holders.
3. A common measure of a share's market liquidity is the ratio of turnover to market capitalisation.
4. Money market instruments are short-term instruments with marketability and pay liquidity premiums

How many of these statements are true and how many are false?

Select one:

a.1statementis true and3 are false

b.2statements are true and2are false

c.3 statements are true and 1 is false

d.All 4 statements are true

e.All 4 statements are false