66. Which of the following is a characteristic of a money market instrument?
a. Long maturity period
b. High yield potential
c. Low risk of default
d. Tradable on stock exchanges
67. What is the purpose of a bond indenture?
a. Establishing the interest rate of a bond
b. Defining the rights and obligations of bondholders and issuers
c. Determining the maturity date of a bond
d. Assigning a credit rating to a bond
68. The process of bundling individual loans into a tradable security is called:
a. Securitization
b. Arbitrage
c. Hedging
d. Derivatization
69. Which market facilitates the trading of already issued securities between investors?
a. Primary market
b. Secondary market
c. Tertiary market
d. Derivatives market
70. What is the main purpose of a stock exchange?
a. Facilitating the trading of stocks and bonds
b. Providing loans to companies for expansion
c. Regulating the issuance of government securities
d. Setting interest rates for commercial loans
