37. Statement 1: Everything else equal, an effective annual rate will be greater than the bond equivalent yield on the same security. Statement 2: Money markets exist to help reduce the opportunity...


37. Statement 1: Everything else equal, an effective annual rate will be greater than the bond equivalent yield on the same security.


Statement 2: Money markets exist to help reduce the opportunity cost of holding cash balances.






a. Both statements are true



b. Statement 1 is true; Statement 2 is false



c. Statement 1 is false; statement 2 is true



d. Both statements are false





Jun 09, 2022
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