Which of the Following Is True

Multiple Choice

Which of the following is true?

A) Primary dealers can now borrow overnight from the Fed.
B) The Fed auctions government securities to primary dealers for a 28-day or long period in exchange for less liquid and less credit-worth securities.
C) The Commercial Paper Funding Facility (CPFF) supports the commercial paper market by purchasing commercial paper.
D) All of the above are true.