Which are not considered money market instruments?
A)Mortgages
B)Commercial paper
C)Fed funds
D)U.S. T-bills

Question

Quizplus · Accepted Answer

Mortgages are considered a type of fixed income security, but they are not considered money market instruments. Money market instruments are short-term debt securities (typically with maturities of less than one year) that are issued by governments, banks, or corporations, and traded in the money markets. Mortgages are longer-term loans that are used to finance the purchase of real estate.

Which Are Not Considered Money Market Instruments