What type of mutual fund invests in highly liquid, near term instruments including U.S. T Bills, Commercial Paper and other cash equivalents? A) A stock fund B) A bond find C) A money market fund D) A municipal bond fund 7) If on Monday 1 U.S. dollar could be exchanged for 130 Euros, then on Wednesday 1 U.S. dollar can be exchanged for 110 Euros, which is true: A) the Euro has appreciated B) the U.S. dollar has appreciated C) the exchange rate is unchanged D) none of the above 8) A bond secured by the real estate assets put up as collateral on a collection of mortgages is referred to as a: A) corporate bond B) debenture C) junk bond D) mortgage bond 9) Municipal bonds which are backed by the full taxing authority of the issuing state are referred to as: A) revenue bonds B) taxation bonds C) general obligation bonds D) insurance bonds 10) The risk associated with a government defaulting on its debt obligations is called: A) liquidity risk B) market risk C) sovereign risk D) interest rate risk