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Fannie Mae
A government-sponsored enterprise established to expand the flow of mortgage money by creating a secondary market for mortgage loans.
Money Market Instrument
Short-term financial instruments that are highly liquid and considered safe, such as treasury bills and certificates of deposit.
Preferred Stock
A class of ownership in a corporation with a fixed dividend, senior to common stock but junior to bonds in claim on assets and earnings.
Commercial Paper
Short-term unsecured promissory notes issued by companies to finance their short-term liabilities.
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