Which of the following statements about money market securities are true? A: The interest rates on all money market instruments move very closely together over time. B: The secondary market for Treasury bills is extensive and well developed. C: There is no well-developed secondary market for commercial paper. D: All of the above are true. E: Only (a) and (b) of the above are true.

Which of the following statements is most accurate regarding a firm’s cost of preferred shares A firm’s cost of preferred stock is:（） A: the market price of the preferred shares as a percentage of its issuance price. B: the dividend yield on the firm’s newly-issued preferred stock. C: approximately equal to the market price of the firm’s debt as a percentage of the market price of its common shares.

Which of the following money markets is the largest in terms of transaction amount in China? A: Negotiable CDs B: Interbank lending market C: Commercial paper market D: Repurchase agreements market

Which of the following instruments are traded in a capital market? () A: corporate bonds B: Treasury bills C: negotiable bank CDs D: repurchase agreements

Unlike most money market securities, commercial paper _________