25.1 Are the following statements true or false? Find reason for your answers in A and B opposite.
1. Organizations use the money markets as an alternative to borrowing from banks.
2. Money markets are a source of long-term finance.
3. All money market instruments pay interest.
4. Certificates of deposit are issued by major manufacturing companies.
5. Commercial paper is guaranteed-by the government.
6. Some money market instruments can have more than one owner before they mature.
25.2 Match the words in the box with the definitions below. Look at A and B opposite to help you.