1. Which of the following are not considered money market securities?
Treasury bills
mortgage-backed securities
negotiable certificates of deposit
commercial paper
2. You purchase a six-month (182-day) T-bill with a $10,000 par value for $9,800. The Treasury bill discount is ____ percent.
3.96
4.09
6.20
3.56
none of the above
3. The chief objective of the European Central Bank is ____ in the countries of the eurozone.
maintaining low unemployment
ensuring that budget deficits do not exceed certain limits
maintaining price and currency stability
none of the above