Alex buys a money market instrument.It will mature within,at most,_____.

Question

Quizplus · Accepted Answer

Money market instruments are short-term investments that tend to have a maturity of less than one year. Therefore, a money market instrument bought by Alex should mature within 1 year at most. Option D) 6 months is also a viable choice, as it falls under the category of short-term investments. Options A) 10 years and B) 2 years are not suitable as they exceed the maximum maturity period for money market instruments.

Alex Buys a Money Market Instrument