_____________ is a short-term debt instrument issued by commercial banks in denominations of $100,000 or more with typical maturities ranging from one month to one year that have an active secondary market that allows short-term investors to easily match their cash or liquidity needs when they arise.
A)A negotiable certificate of deposit (NCD)
B)A repurchase agreement
C)Commercial paper
D)Government bond
E)all of the above

Question

Quizplus · Accepted Answer

A negotiable certificate of deposit (NCD) and commercial paper are both short-term debt instruments issued by commercial banks and corporations respectively. They are typically offered in denominations of $100,000 or more and have maturities ranging from one month to one year. Both NCDs and commercial paper have an active secondary market, allowing short-term investors to easily match their cash or liquidity needs as they arise. Repurchase agreements and government bonds are not short-term debt instruments with denominations of $100,000 or more.

_____________ Is a Short-Term Debt Instrument Issued by Commercial Banks