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Why do most money market securities have large denominations? Given the functions of the money markets, why is it necessary for money market securities to

  1. Why do most money market securities have large denominations?
  2. Given the functions of the money markets, why is it necessary for money market securities to have a maturity of one year or less and low default risk?
  3. How does a repo differ from a Fed funds transaction? How do their rates compare?
  4. Who are the major participants in money markets?
  5. What are the three main ways to express T Bill rates of return (name in ascending value order)?

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