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________ is not a money market instrument.
A) A certificate of deposit
B) A Treasury bill
C) A Treasury bond
D) Commercial paper
Money Market
A segment of the financial market in which short-term financial instruments, such as Treasury bills and commercial paper, are traded.
Treasury Bond
Long-term, fixed-interest U.S. government debt security with a maturity of more than 10 years.
Certificate of Deposit
A savings certificate with a fixed maturity date and interest rate, issued by a bank to a person depositing money for a specified period of time.
- Understand the role and function of money market instruments and their significance in financial markets.
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Learning Objectives
- Understand the role and function of money market instruments and their significance in financial markets.
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