16. Which of the following instruments is typically issued with a minimum denomination of $100,000?
a) Treasury bills
b) Commercial paper
c) Certificates of deposit
d) Repurchase agreements
17. Which of the following instruments has the highest credit risk?
a) Treasury bills
b) Commercial paper
c) Certificates of deposit
d) Repurchase agreements
18. Which of the following instruments is used by banks to manage their short-term liquidity needs?
a) Treasury bills
b) Commercial paper
c) Certificates of deposit
d) Repurchase agreements
19. What is the primary regulatory authority for the money market in the United States?
a) Federal Reserve System
b) Securities and Exchange Commission (SEC)
c) Office of the Comptroller of the Currency
d) Financial Industry Regulatory Authority (FINRA)
20. Which of the following instruments is not backed by the full faith and credit of the U.S. government?
a) Treasury bills
b) Commercial paper
c) Certificates of deposit
d) Repurchase agreements
