1. Finance companies play a unique role in money markets by Group of answer choices A. assisting the government in its

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1. Finance companies play a unique role in money markets by

Group of answer choices
A. assisting the government in its sales of U.S. Treasury
securities.
B. combining consumers' investments to purchase money market
securities on their behalf.
C. borrowing in capital markets to finance purchases of money
market securities.
D. giving consumers indirect access to money markets.
2. Federal funds are
Group of answer choices
A. lent by banks that have an excess of reserves.
B. borrowed by banks that have a deficit of reserves.
C. usually overnight investments.
D. all of the above.
E. only A and B of the above.
3. The usual maturity range for commercial paper is

Group of answer choices
1 to 7 days.
1 to 270 days.
4, 13, and 26 weeks.
1 to 15 days.
4. Negotiable certificates of deposit

Group of answer choices
are bearer instruments because their holders earn the interest
and principal at maturity.
typically have a maturity of one to four months.
are usually denominated at $100,000.
are all of the above.
are only A and B of the above.