Characteristics of money market securities include:
A) a greater risk than money market funds.
B) the rates offered for currency deposits in the London international banking market.
C) the society for worldwide interbank financial telecommunication.
D) bought and sold on the basis of their promissory yield (price).

Question

Quizplus · Accepted Answer

Money market securities are bought and sold based on their promissory yield or price. Option A is incorrect as money market securities are generally considered to have low risk. Option B refers specifically to currency deposits in the London market and is not a characteristic of money market securities in general. Option C refers to SWIFT, a system used for international wire transfers, and is also not a defining characteristic of money market securities.

Characteristics of Money Market Securities Include