1. Regarding money market instruments, how do U.S. Treasury bills differ from short-term municipal securities?
2. What are book-entry securities? Can U.S. Treasury securities be held in book-entry format?
3. Regarding the auctioning of new U.S. Treasury bills, how do competitive bids differ from noncompetitive bids?
4. How does a repurchase agreement differ from other money market instruments?
5. How does one calculate the yield on a repo?