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Which of the following statements is/are INCORRECT? a. T-bill rate is the only benchmark rate in New Zealand. b. Retail investors do not participate in

Which of the following statements is/are INCORRECT?

a. T-bill rate is the only benchmark rate in New Zealand.

b. Retail investors do not participate in money markets.

c. There are both secured and unsecured securities in money markets.

d. Negotiable certificates of deposit are money markets securities.

e. a. and b.

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