Which of the following is not a characteristic of money market instruments? a. They pay a relatively

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Which of the following is not a characteristic of money market instruments?

a. They pay a relatively high rate of return.

b. They have a low level of default risk.

c. They have a high level of liquidity.

d. They comprise a significant secondary market

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Money, Banking, Financial Markets and Institutions

ISBN: 978-0538748575

1st edition

Authors: Michael Brandl

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Question Posted: Jun 21, 2019 07:38 AM

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Which of the following is not a characteristic of money market instruments? a. They pay a relatively

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Money, Banking, Financial Markets and Institutions

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