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Match each of the following money market terms with its description Certificate of deposit. a. Short-term unsecured promissory notes issued (by firms) for a specified
Match each of the following money market terms with its description Certificate of deposit. a. Short-term unsecured promissory notes issued (by firms) for a specified amount and maturing on a specified date :Commercial paper. b.A draft drawn on and accepted by a bank. It is an order by the drawer to the bank to pay a specified sum on a specified date to a named person or to the bearer of the Banker's acceptance. :Federal funds. U.S. Treasury bill : Municipal paper. draft. c. Short-term promissory notes issued by state and local governments and agencies. d. A short-term U.S. (federal) government security with maturity not exceeding twelve L months. e. A receipt for and a promise to repay funds deposited at a bank or other financial institution. It has a fixed maturity and a specified interest rate. f. Overnight borrowings made by commercial banks to maintain their reserves at the Federal Reserve
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