Question 11.11. Which of the following statements about the money market is/are true? (Points : 3)

Most money market securities do not pay interest. Instead the investor pays less for the security than it will be worth when it matures Pension funds invest a portion of their assets in the money market to insure sufficient liquidity to meet their obligations Money markets are used extensively by businesses both to warehouse surplus funds and to raise short-term funds All three of the above statements are true of money markets Only (a) and (c) are true; (b) is not

Question 12.12. Treasury bonds are subject to ____ risk but are free of ________risk. (Points : 3)

default; interest-rate default; underwriting interest-rate; default interest-rate; underwriting