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Which of the following are characteristics of commercial paper? Check all that apply. Common investors in these securities are households, firms, and financial institutions. Activity

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Which of the following are characteristics of commercial paper? Check all that apply. Common investors in these securities are households, firms, and financial institutions. Activity in their secondary market is low. Their denominations are typically in multiples of $1 million. Their maturities are normally between 1 and 20 years. Which of the following are typical repurchase agreement maturities? Check all that apply. O 1 year 3 years 6 months 180

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