Which of the following is characterized as an unsecured money market instrument?
A)Treasury bill
B)Debentures
C)Commercial paper
D)All of the above
E)a and c

Question

Quizplus · Accepted Answer

Treasury bills and commercial papers are unsecured money market instruments. Treasury bills are short-term government securities, while commercial papers are unsecured short-term promissory notes issued by corporations. Debentures, however, can be secured or unsecured but are generally considered long-term instruments and not typically classified under money market instruments.

Which of the Following Is Characterized as an Unsecured Money