Passage G

[Skip Breadcrumb Navigation]

Home

Student Resources

Practice Tests

Practice Tests for the Texas Academic Skills Program Reading Test

Passage G

Read the passage below and answer the questions that follow.

This activity contains 6 questions.

35. The subject matter of this passage is

	A. investing in money market funds.
	B. short term treasury securities.
	C. commercial paper held by money market funds.
	D. wholesale CDs held by money market funds.

36. From paragraph 1, the reader may draw the conclusion that

	A. money market funds hold no risk for an investor.
	B. there is a very slight risk involved in investing in money market funds.
	C. money market funds are extremely risky for investors.
	D. few people invest in money market funds.

37. Commercial paper in paragraph 1 means

	A. paper used for business purposes.
	B. paper used for advertising purposes.
	C. paper that accumulates interest and increases in value.
	D. short-term debt securities issued by large corporations.

38. According to the information presented in the paragraph 3 and the example in the illustration, which of the following statements about the interest earned in money markets is correct?

	A. the interest rate on money market accounts is .5 percent per month.
	B. the interest rate on money market accounts is $20 per month.
	C. the interest on money market accounts is applied on a monthly basis.
	D. the interest on money market accounts is applied to the funds that are used.

39. In this selection, the author's main purpose is to

	A. describe the way interest is calculated on the money in money market funds.
	B. define and illustrate the way that investors can use money markets..
	C. argue for the regulation of interest rates on money market accounts
	D. describe the disadvantages of money market accounts.

40. According to the information in the passage, why do people invest in a money market account?

	A. to secure a high rate of interest not available in other banks
	B. to save for large expenses such as a house or college
	C. to have an additional checking account
	D. to earn interest on a sum of money until it is needed.

The Submit Answers for Grading feature requires scripting to function. Your browser either does not support scripting or you have turned scripting off.

So, the Submit Answers for Grading button below will not work.

The following Submit Answers for Grading button is provided in its place and will clear your answers:
The Clear Answers and Start Over feature requires scripting to function. Your browser either does not support scripting or you have turned scripting off.

So, the Clear Answers and Start Over button below will not work.

The following Clear Answers button is provided in its place and will clear your answers:

[Return to the Top of this Page]