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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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