The list below contains the major topics that will be covered on the exam. It is not an exhaustive list, as questions can come from any section of the chapters we covered. The exam will consist of multiple choice, numerical calculations, and short answer questions. Each of the three chapters will have approximately equal weights. You can use your notes during the exam but if you have to look up notes frequently, you will run out of time. Chapter 5 - Money Markets Characteristics of money market securities Solve for rates if given price or for price if given rates o T-bills, commercial paper, federal funds, negotiable CDs, repurchase agreements Solve for EAR if given price or rates Auction process for T-bills Calculate price you could buy/sell T-bills if given bid/ask quotes o Calcul