Money-market instruments include

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Money-market instruments refer to short-term, low-risk and highly liquid investments that are typically issued by governments, banks and corporations. Common stock and preferred stock are not considered money-market instruments as they are more long-term investments that carry greater risk. T-bonds, while issued by the government, have longer maturities than typical money-market instruments. T-bills, on the other hand, are short-term, highly liquid, and considered the quintessential money-market instrument.

Money-Market Instruments Include