Money markets are markets for
A) Foreign currencies.
B) Consumer automobile loans.
C) Common stocks.
D) Long-term bonds.
E) Short-term debt securities such as Treasury bills and commercial paper.

Question

Quizplus · Accepted Answer

Money markets are markets for short-term debt securities such as Treasury bills and commercial paper. Choice A is incorrect because foreign currencies are traded in the foreign exchange market. Choice B is incorrect because consumer automobile loans are not typically traded in a market setting. Choice C is incorrect because common stocks are traded in the stock market. Choice D is incorrect because long-term bonds are traded in the bond market.

Money Markets Are Markets for