Which of the following is not a money market instrument?
Public deposits are not money market instruments. Commercial paper, certificates of deposit and Treasury bills are standard instruments of the short-term money market,…
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Which of the following is not a money market instrument?
Answer and explanation
Correct answer C
Public deposits are not money market instruments. Commercial paper, certificates of deposit and Treasury bills are standard instruments of the short-term money market, whereas public deposits are funds accepted directly by companies.
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Jammu & Kashmir and Ladakh SET (JKSET/LASET)