A Major Difference Between Fixed Income Securities and Money Market

question 61

Multiple Choice

A major difference between fixed income securities and money market securities is that the maturity of fixed income securities is greater than:

• A) 90 days.
• B) 180 days.
• C) 1 year.
• D) 2 years.
• E) 5 years.

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Definitions:

Most-significant Bit

The bit in a binary number with the highest value position, which often determines the sign in binary signed number representations.

Least-significant Bit

The bit in a binary number which represents the smallest possible value (typically the rightmost bit), determining the unit's place in the overall value.

Bit Shift Left

An operation in binary arithmetic where the bits of a binary number are shifted one or more places to the left, effectively multiplying the number by a power of two.

Reserve Ratio

The fraction of depositors' balances banks must hold in reserve and not lend out.