Please answer 7-9

ve Doc Sharing Dropbox Journal Webliography Tech 3) 7. Which statement does not describe banker's acceptances? (Points O It is an order to pay a specified amount of money to the bearer on a given date. O It is a relatively new money market security, having developed only in the late 1970s, but having expanded continuously since. They can be bought and sold until they mature, ie, there is a relatively active secondary market. O Their primary use is in international trade 8. Which of the following is not true of commercial paper? (Points: 3) O it matures in nine months (actually 270 days) or less O it is issued by only the largest and most creditworthy corporations O it is normally collateralized (secured) by U.S. Treasury bills O it normally yields a higher return than T bills 9. Which of the following is not a characteristic of money market securities: (Points : 3) they are short ternm they are highly liquid they are normally traded in very large denominations (i.e., high dollar transactions) they are risk free all the above are characteristics of money market securities 10. An important financial institution that assists in the initial sale of securities in the primary market is the: (Points : 3) investment bank commercial bank