
Which of the following statements about the money markets are true?
A) Most money market securities do not pay interest. Instead, the investor pays less for the security than it will be worth when it matures.
B) Pension funds invest a portion of their assets in the money market to have sufficient liquidity to meet their obligations.
C) Unlike most participants in the money market, the U.S. Treasury Department is always a demander of money market funds and never a supplier.
D) All of the above are true.
E) Only A and B of the above are true.
Correct Answer:
Verified
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