Which of the following instruments is NOT traded in a money market?
A)residential mortgages
B)U)S. Treasury Bills
C)negotiable bank certificates of deposit
D)commercial paper

Question

Quizplus · Accepted Answer

Residential mortgages are long-term debt instruments and are not traded in the money market, which deals with short-term instruments. The other options—U.S Treasury bills, negotiable bank certificates of deposit, and commercial paper—are all short-term debt instruments and are commonly traded in the money market.

Which of the Following Instruments Is NOT Traded in a Money