1. Which of the following best describes a money market security?
3. a debt instrument or security with a high default risk and a low liquidity
4. a debt instrument or security with maturities of one year or less
5. a debt instrument or security that never matures
6. a credit instrument or security with maturities of one year or less
7. Question 19
8. 2.5 Points
9. Which of the following is not a characteristic of a treasury bill?
11. short-term debt obligation
12. issued by the U.S. Federal Government
13. it is useful when imbalances exist between tax revenue and government expenditures
14. long-term debt obligation