QUESTION 7 Which of the following statements is true? o a Money market secuities have large denomination, maturity less than one year and low default risk O b. The rate of return on a repurchase agreement is determined by the rate of return on the underlyjing collateral. o c The commercial paper is a secured short-term promissory note, has a maximum maturity of 270 days and has no secondary market o d The discount yield on a T. ill fiftes from a bond equivalent yield (BEY) because the discount yield is without compounding and the BEY ls with compounding QUESTION 8 Smich of the folowing statements is true? O b. The Fedivire is a nationwide network that electronically process credit and debit transfers of funds O c The fed funds rate is the rate that banks charge to lend foreign exchange to customers O d The discount rate is the rate that the Federal Reserve charges on loans to commercial banks