Questions 15 to 19 are short-answer.

15. How are the quoted rates on federal funds and repurchase agreements stated? There is a formula that you can write out, but try to explain the procedure in words too.

16. When T-bills are originally offered or auctioned (primary market) what are the two maturities used?

17. Some money market securities have active markets. In general, how is/are most of the trading in the money market arranged?

18. What is/are the typical or common maturities of the following money market securities?

a. Fed Funds

b. Repurchase agreements

c. Commercial paper

d. T-bills

e. Negotiable CDs

19. What is/are the typical or common denominations (if any) of the following money market securities?

a. Fed Funds

b. Repurchase agreements

c. Commercial paper

d. T-bills

e. Negotiable CDs