Money Market Instruments

question 69

Multiple Choice

Money market instruments:

• A)tend to be illiquid.
• B)are generally sold in small denominations.
• C)cannot be resold.
• D)may be sold on a discount basis.
• E)are quoted in terms of a spread.

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Definitions:

Interval Data

A type of quantitative data that involves measurements where the difference between two values is meaningful, but there is no true zero point.

Bimodal Data

Data that has two different modes, or peaks, in its frequency distribution.

Empirical Rule

A statistical rule stating that for a normal distribution, nearly all of the data will fall within three standard deviations of the mean.

Measure Variability

The degree to which data points in a dataset differ from each other and from their average value.