问题如下：
When considering non-deposit funding
sources, which of the following is NOT correct?
选项：
A. Federal funds is among the
cheapest short-term borrowed funds
The key advantage of Fed funds is their ready availability through a
simple phone call or online computer request.
CD and commercial paper borrowings are usually better for
longer-term funding needs that stretch over several days or weeks
Another key advantage of Federal funds is
their stable market interest rate.
解释：
考点：对Managing Non-deposit Liabilities的理解
答案：D
解析：
选项D错误。Federal funds没有选项D描述的优点，相反，Federal funds的确定就是利率波动较大：The key disadvantage is their volatile market interest rate—its wide
fluctuations that make planning difficult.
CD and commercial paper borrowings are usually better for longer-term funding needs that stretch over several days or weeks
cd这种不是适用短期借款
