Money market instruments include all of the following EXCEPT:
A) repurchase agreements
B) negotiable certificates of deposit
C) fed funds
D) commercial paper
E) none of the above; they are all money market instruments

Question

Quizplus · Accepted Answer

All the options listed (repurchase agreements, negotiable certificates of deposit, fed funds, and commercial paper) are indeed money market instruments. Money market instruments are short-term financial assets that are used for borrowing and lending in the short-term money market. These instruments typically have high liquidity and very short maturities.

Money Market Instruments Include All of the Following EXCEPT