Under the perfect tender rule, the buyer can reject a whole shipment of nonconforming goods

Kendall is 16 years old and plans to start college within the next 18 months. Her grandparents just gifted her $1,000 to use towards college expenses. Which tier of the investment pyramid is most appropriate for Kendall to use for investing these funds?

A) Tier III B) Tier II C) Upper portion of Tier I D) Lower portion of Tier I E) Base tier

Money market mutual funds are best described as institutions that

A) invest only in MMDAs. B) pool resources of many investors to purchase liquid and high-yielding securities. C) issued by the Treasury, commercial banks, and other corporations. D) combine short-term securities with long-term securities. E) are established by banks and other financial institutions to help depositors manage their liquid assets.