A clear and short answer, please

6. Why are more funds from property and casualty insurance companies than funds from life insurance companies invested in the money markets? 7. Which of the money market securities is the most liquid and considered the most risk- free? Why? 8. Who issues federal funds, and what is the usual purpose of these funda? 9. Does the Federal Reserve (central bank) directly set the federal funds overnight interbank) interest rate? How does the Fed influence this rate? 10. Who issues commercial paper and for what purpose? 11. What would be your annualized investment rate on the purchase of a 182-day Treasury bill for $4.925 that pays $5,000 at maturity? 12. The price of $8,000 face value commercial paper is $7.930. If the annualized investment rate is 4%, when will the paper mature? 13. In a Treasury auction of $2.1 billion par value 91-day T-bills, the following bids were submitted: Hidder 1 Hd Ant 500 million 57550 million 815 SI LA 8000 millon 3 30.000 50.0001 50 50.000 SODIO If only these competitive bids are received, who will receive T-bills, in what quantity, and at what price