Multiple Choice Questions 1. Which of the following is not a characteristic of a money market instrument? A. Liquidity B. Marketability C. Long maturity D. Liquidity premium E. Long maturity and liquidity premium 2. The money market is a subsector of the A. commodity market. B. capital market. C. derivatives market. D. equity market. E. None of the options 3. Treasury Inflation-Protected Securities (TIPS) A. pay a fixed interest rate for life.

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