Cash and Cash Equivalents: Rapid Fire

What this video covers

• Why the word "fund" signals an uninsured security while "account" signals an insured bank deposit, and what "breaking the buck" means for money market fund net asset value (NAV)
• How FDIC insurance coverage of $250,000 is calculated per depositor, per bank, per ownership category, and why a mutual fund purchased at a bank branch remains uninsured
• Why both negotiable and non-negotiable certificates of deposit (CDs) are FDIC insured, and how transferability and the $100,000 minimum face value distinguish jumbo CDs
• What commercial paper is, why its 270-day maximum maturity exists solely for a Securities Act of 1933 registration exemption, and why it is sold at a discount in minimum denominations of $100,000
• Which Treasury bill (T-bill) maturities are testable (4, 8, 13, 17, 26, or 52 weeks), and why T-bills are subject to federal income tax but exempt from state and local tax
• What banker's acceptances, repurchase agreements (repos), and federal funds are, and why the federal funds rate is market-determined rather than set by the Federal Open Market Committee (FOMC)