Answer:
The bank discount rate is lower than the bond equivalent yield.
The bank discount rate is an effective annual rate.
Step-by-step explanation:
In simple words, Money market securities refers to the short-term funding vehicles that help to improve corporate financial flexibility. The key feature of these types of investments is how they could quickly be transformed into cash, thereby maintaining an individual's cash needs.
The financial sector and its devices are typically sold over the board, but regular investors simply could not do so. It would have to be completed via certificated brokers, or perhaps a fund manager on the financial markets.