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    Financial Markets and Institutions Study Set 7
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    Exam 3: Structure of Interest Rates
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    If a Security Can Easily Be Converted to Cash Without
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If a Security Can Easily Be Converted to Cash Without

Question 33

Question 33

Multiple Choice

If a security can easily be converted to cash without a loss in value, it


A) is liquid.
B) has a high after-tax yield.
C) has high credit risk.
D) is illiquid.

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