Total collection or disbursement times is best described by evaluating:

Multiple Choice

• Mailing time

• Processing delay

• Availability delay

• All of the above

Money market securities usually have ______ risk of default.

Multiple Choice

• High

• Medium

• Reasonable

• Low

• Average

Short-term tax exempt securities are issued by:

Multiple Choice

• States

• Municipalities

• Housing agencies

• Urban renewal agencies

• All of the above