A bank certificate of deposit is a ______ market instrument. Commercial paper is a ______ market instrument.
A) Money, capital
B) Money, futures
C) Capital, capital
D) Futures, capital
E) Money, money

Question

Quizplus · Accepted Answer

A bank certificate of deposit and commercial paper are both considered money market instruments because they are short-term debt securities typically used for borrowing and lending in the short-term money markets.

A Bank Certificate of Deposit Is a ______ Market Instrument