Money markets were developed for institutional investors who had excess supply of funds in large quantities, making it costly for them to hold it in cash. As a result, for this purpose, money market securities should have which of the following characteristics? 1. Large denominations II. Low trading costs III. Little price risk IV. Maturity greater than one year O , ll and I and I Oil and IV O, and IV Question 29 1 pts Which one of the following statements about commercial paper is true? Commercial paper issued in the United States has a maturity of 270 days or less is not rated by a rating agency is a secured promissory note has an active secondary market MacBook Air 20 888 . * 11 FS 16 58 @ 2 $ 4 % 5 & 7 3 6 8 9 Q W E 70 T Y Y U