Which amongst the following is not an instrument of Money Market?
Preference shares are capital-market equity instruments. Treasury bills, commercial paper and certificates of deposit are short-term money-market instruments.
Choose your answer
Which amongst the following is not an instrument of Money Market?
Answer and explanation
Correct answer B
Preference shares are capital-market equity instruments. Treasury bills, commercial paper and certificates of deposit are short-term money-market instruments.
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UGC NET Economics