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      Question

      Which of the following is NOT a money market

      instrument?
      A Treasury Bills Correct Answer Incorrect Answer
      B Commercial Papers Correct Answer Incorrect Answer
      C Certificates of Deposit Correct Answer Incorrect Answer
      D Secured corporate bonds (5-year) Correct Answer Incorrect Answer

      Solution

      Money market instruments are short-term (<1 year), such as T-Bills, Commercial papers (CP) and Certificate of deposits (CD). A 5-year bond belongs to the capital market, not money market.

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