1. The money market security with the lowest yield to the investor is likely to

1. The money market security with the lowest yield to the investor is likely to be:a. a Treasury bill.b. commercial paper.c. agency issues.d. negotiable CDs.2. All of the following represents a characteristic of money market instruments except:a. low default riskb. guaranteed marketabilityc. debt obligationd. short term3. The fed funds rate is very important to the economy becausea. it measures the return on the most liquid of all the financial assets tradedb. it is closely related to the conduct of monetary policyc. it measures directly the availability of excess reserves in the banking systemd. all of the above4. All of the following money market participants are major investors in money market securities except:a. Federal Reserve banks.b. the U.S. Treasury.c. commercial banks.d. corporate business.