QUESTION 7 Which of the following statements about Treasury bills and commercial paper are correct? a. T-bills have less default risk than commercial paper. b. Assuming the same maturity, yields on commercial paper will be higher than yields on T-bills. Kc. Both a and b. d. Neither a nor b QUESTION 8 Which of the following statements are correct? a. Yields on bankers accceptances will typically be lower than T-bills. b. Jumbo CDs are deposits of $100,000 or more and are always insured by the FDIC for the full amount of the CD. c. Commercial paper has maturities that exceed 270 days. d. Repurchase agreements typically have maturities that are very short-term, often only a few days