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ICMA FMFQ Exam - Topic 3 Question 95 Discussion

Posted by Tijuana on May 15, 2026 at 09:16 PM

Which money market instrument is supported in the secondary market by primary dealers?

Suggested Answer: C

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26 comments · newest first
LO
Lou 2 days ago
Definitely T-bills! They’re a staple for primary dealers.
ST
Stefanie 7 days ago
I feel commercial paper could be a contender, but not as much as T-bills.
MI
Mitzie 12 days ago
But T-bills are safer and more popular among primary dealers.
OD
Odette 17 days ago
I’m leaning towards corporate bonds. They have good liquidity too.
GL
Glen 23 days ago
Agreed! T-bills have strong support in the secondary market.
KR
Kristel 28 days ago
I think it's T-bill. They are widely traded.
AS
Asuncion 1 month ago
T-bills are the safest bet here, no doubt!
AN
Annabelle 1 month ago
Corporate bonds have more risk, not as much support.
JE
Jerilyn 1 month ago
T-bills are definitely backed by primary dealers.
KA
Kaitlyn 2 months ago
Commercial paper seems less supported in secondary markets.
CL
Clorinda 2 months ago
I agree, T-bills are super liquid.
LY
Lynette 2 months ago
I think it's T-bill. They're widely traded.
DY
Dyan 2 months ago
Commercial paper is also traded, but not like T-bills!
RE
Rebeca 2 months ago
Wait, are you sure about T-bills? I thought they were just for government.
KA
Kasandra 2 months ago
T-bills are the way to go, no doubt!
EM
Emily 3 months ago
I thought it was corporate bonds, but I guess not.
TR
Trinidad 3 months ago
Definitely T-bills, they’re super liquid!
LA
Laine 3 months ago
Surprised to see T-bills being the main one!
DE
Delpha 3 months ago
Really? I always thought commercial paper had more support.
RO
Rozella 3 months ago
T-bills are the right answer, no doubt!
WI
Willard 4 months ago
I thought it was corporate bonds?
KE
Kenia 4 months ago
Definitely T-bills, they’re super liquid!
ER
Erick 4 months ago
I believe the answer is C) T-bill, but I might be mixing it up with commercial paper. Need to double-check my notes!
VE
Verona 4 months ago
I’m confused because I thought corporate bonds were also traded in the secondary market, but I can't recall if primary dealers support them.
MA
Marti 4 months ago
I feel like we practiced a similar question about money market instruments, and T-bills were definitely mentioned as a key example.
AL
Allene 6 months ago
I think I remember that T-bills are often supported by primary dealers in the secondary market, but I'm not entirely sure.
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