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Money market securities do not have which of the following characteristics? 1. Low trading costs 2. High price risk 3. Little default risk 4. Large

Money market securities do not have which of the following characteristics? 1. Low trading costs 2. High price risk 3. Little default risk 4. Large denomination 5. No secondary market 6. A temporary "warehouse" for surplus funds 7. Not a good way to raise funding 8. A way to quickly take advantage of investment opportunities 9. High rate of return 10. Life greater than one year

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