Of the four securities listed below which one is the most liquid?

options:

	a. short term investment grade securities.
	b. long term investment grade securities.
	c. short term high yield securities.
	d. long term high yield securities.

Of the four securities listed below which one is the least liquid?

options:

A)	short term investment grade securities.

B)	long term investment grade securities.

C)	short term high yield securities.

D)	long term high yield securities.

Over the years the bond market has become increasingly liquid.

options:

	True
	False