Which of the following instruments are traded in a money market?
A)bank commercial loans
B)commercial paper
C)state and local government bonds
D)residential mortgages

Question

Quizplus · Accepted Answer

Money market instruments are short-term, highly liquid, and low-risk securities. Commercial paper is a short-term borrowing tool used by corporations and is a common instrument traded in the money market. Bank commercial loans, residential mortgages, and state and local government bonds are not normally traded in the money market.

Which of the Following Instruments Are Traded in a Money