Which of the following is a money market asset?
A)commercial paper
B)stocks
C)Treasury bonds
D)savings bonds

Question

Quizplus · Accepted Answer

Commercial paper is a type of short-term debt security issued by corporations, banks, and other financial institutions to finance short-term funding needs such as payroll, inventory, and accounts payable. It is a commonly traded money market asset.

B, C, and D are not money market assets. Stocks are equity securities, Treasury bonds are long-term debt securities, and savings bonds are debt securities issued by the U.S. government for retail investors.

Which of the Following Is a Money Market Asset