For each item below, choose the investment that best fits the accompanying description a Maturity often overnight (repurchase agreements bankers acceptances) b Maturity never more than 270 days (tax exempts commercial paper) c Often directly placed with investors (finance company commercial paper d...

a Repurchase agreements b C ...

For each item below, choose the investment that best fits the accompanying description: a. Maturity often overnight

Question:

For each item below, choose the investment that best fits the accompanying description:
a. often overnight (repurchase agreements/bankers’ acceptances).
b. never more than 270 days (tax-exempts/commercial paper).
c. Often directly placed with investors (finance company commercial paper/dealer commercial paper).
d. Issued by the U.S. Treasury (tax-exempts/three-month bills).
e. Quoted on a discount basis (certificates of deposit/Treasury bills).
f. Sold by auction (tax-exempts/Treasury bills).

Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...