Which of the following instruments are discount securities? tes of deposit. 1. Certifica 2. Interbank deposits. 3. Commercial paper. 4. Repurchase agreements 5. Commercial bills. (a) 2 and4 (b) 1, 3, 4 and 5 (c) 2, 3 and 5 (d) 1 and 3 (e) 3 and 5 Which of the following represents the highest effective interest rate? (a) (b) (c) (d) (e) 6.30% compounded annually 6.30% compounded half-yearly 6.29% compounded monthly 6.26% compounded weekly 6.26% compounded daily