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Which of these are true: 1. A security whose value is derived from the price of some other underlying asset is called a liquid asset

Which of these are true: 1. A security whose value is derived from the price of some other underlying asset is called a liquid asset 2. The NYSE operates as an auction market whereas Nasdaq operates as a dealer market 3. Money market mutual funds usually invest most of their money in a well diversified portfolio of liquid common stocks

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