Multiple Choice
Jonathan Wynn knows that if he wanted to purchase a Treasury Bill,the minimum amount he would spend would be close to $10,000.He also knows that he could deposit $1,000 in a money market deposit account at a bank and earn about the same rate of interest.Jonathan does not have $10,000 to invest in a Treasury Bill.If Jonathan puts his money in the bank,which service that a bank can provide,is he taking advantage of?
A) Risky arbitrage services
B) Liquidity services
C) Delegated monitoring services
D) Divisibility of money services
E) Credit services
Correct Answer:

Verified
Correct Answer:
Verified
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