PHY 101Test Bank CERTIFICATION GUIDE
FOR 2025/2026 TESTS|MOST COMMON
QUESTIONS WITH CORRECTLY VERIFIED ANSWERS
(LATEST QUIZZES) |ALREADY A+
GRADED|GUARANTEED PASS
A banker's acceptance is
A. a time draft drawn on the exporter's bank.
B. an add-on instrument.
C. for greater than one year maturity.
D. a liability of the importer and the importer's bank.
E. a method to help importers evaluate the creditworthiness of exporters. - A liability of
the importer and the importer's bank
The most liquid of the money market securities are
A.T-Bills
B. funds.
C. Repurchase agreements.
D. commercial paper.
E. banker's acceptances. - T-Bills
A short-term unsecured promissory note issued by a company is
A. a repurchase agreement.
B. a T-bill.
C. a negotiable CD.
, D. commercial paper
E. A banker's acceptance. - Commercial Paper
Money market securities exhibit which of the following?
I. Large denomination
II. Maturity greater than one year
III. Low default risk
IV. Contractually determined cash flows
a. II and IV
b. I, III, and IV
c. II, III, and IV
d. I, II, and III
e. I, II, III, and IV - I, III, and IV
The most active and important participant in the U.S. money market
a. are the large banks.
b. is the Federal Reserve.
c. is the U.S. Treasury.
d. are the insurance companies.
e. are the investment banks. - Is the Federal Reserve
For the purposes for which they are used, money market securities should have which of the
following characteristics?
I. Low trading costs
II. Little price risk
III. High rate of return
IV. Life greater than one year
FOR 2025/2026 TESTS|MOST COMMON
QUESTIONS WITH CORRECTLY VERIFIED ANSWERS
(LATEST QUIZZES) |ALREADY A+
GRADED|GUARANTEED PASS
A banker's acceptance is
A. a time draft drawn on the exporter's bank.
B. an add-on instrument.
C. for greater than one year maturity.
D. a liability of the importer and the importer's bank.
E. a method to help importers evaluate the creditworthiness of exporters. - A liability of
the importer and the importer's bank
The most liquid of the money market securities are
A.T-Bills
B. funds.
C. Repurchase agreements.
D. commercial paper.
E. banker's acceptances. - T-Bills
A short-term unsecured promissory note issued by a company is
A. a repurchase agreement.
B. a T-bill.
C. a negotiable CD.
, D. commercial paper
E. A banker's acceptance. - Commercial Paper
Money market securities exhibit which of the following?
I. Large denomination
II. Maturity greater than one year
III. Low default risk
IV. Contractually determined cash flows
a. II and IV
b. I, III, and IV
c. II, III, and IV
d. I, II, and III
e. I, II, III, and IV - I, III, and IV
The most active and important participant in the U.S. money market
a. are the large banks.
b. is the Federal Reserve.
c. is the U.S. Treasury.
d. are the insurance companies.
e. are the investment banks. - Is the Federal Reserve
For the purposes for which they are used, money market securities should have which of the
following characteristics?
I. Low trading costs
II. Little price risk
III. High rate of return
IV. Life greater than one year
