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ch2(6e) sample - ch2(6e sample 1 The bid price of a...

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ch2(6e) sample 1. The bid price of a treasury bill is __________. A. the price at which the dealer in treasury bills is willing to sell the bill B. the price at which the dealer in treasury bills is willing to buy the bill C. greater than the ask price of the treasury bill expressed in dollar terms D. the price at which the investor can buy the treasury bill 2. __________ is not a true statement regarding municipal bonds. A. A municipal bond is a debt obligation issued by state or local governments. B. A municipal bond is a debt obligation issued by the Federal Government. C. The interest income from a Municipal bond is exempt from federal income taxation. D. The interest income from a Municipal bond is exempt from state and local taxation in the issuing state. 3. __________ is not a characteristic of a money market instrument. A. liquidity B. marketability C. low risk D. long maturity 4. In a futures contract, the short position is taken by the person who __________. A. commits to delivering the commodity B. commits to purchasing the commodity
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