Which of the following is not considered a highly liquid asset?
a. Federal funds sold
b. 90-day Treasury bills
c. AAA-rated commercial paper
d. A Federal Home Loan Bank Board bond with 6 months until maturity
e. Repurchase agreement
Answer: e
a. Federal funds sold
b. 90-day Treasury bills
c. AAA-rated commercial paper
d. A Federal Home Loan Bank Board bond with 6 months until maturity
e. Repurchase agreement
Answer: e