Flag question: Question 11 Question 112 pts Negotiable certificates of deposit: Group of answer choices C. have a longer maturity date than promissory notes. D. have little liquidity in the secondary market. Ans: B A. pay interest, as they are interest-bearing accounts at a bank. B. are short-term securities, issued by banks for financing purposes. Flag question: Question 12 Question 122 pts Which maturity date is NOT likely for a bank bill? Group of answer choices A. 30 days B. 90 days D. 360 days C. 180 days Flag question: Question 13 Question 132 pts Participants in the financial markets seek to hold government paper because: Group of answer choices C. Banks are required to hold government securities as part of liquidity management. B. Government securities pay a steady rate of return. D. All of the given answers A. Investors can sell the paper quickly to raise funds