Which of the following is TRUE? lect one: a. In general, money market instruments are low-risk, high-yield securities. b. The Treasury accepts noncompetitive bids in ascending order of yield until the accepted bids reach the offering amount. The market for U.S. Treasury bills is a shallow market because few individual investors are allowed to buy T-bills. d. Occasionally, investors find that earnings on T-bills do not compensate them for changes in purchasing power due to inflation. C