Which of the following statements best describes financial markets?
A) Rates of return on T-bill are the highest among all major financial securities.
B) Money market mutual funds are illiquid.
C) Money markets are markets for long-term debt and common stocks.
D) Euro-Canadian market time deposits are instruments issued by banks outside Canada.

Question

Quizplus · Accepted Answer

Euro-Canadian market time deposits are indeed instruments issued by banks outside Canada, similar to Eurodollar deposits which are issued outside the U.S.

Which of the Following Statements Best Describes Financial Markets