Which of the following is not a money market instrument?
A) Treasury bill
B) commercial paper
C) preferred stock
D) bankers' acceptance

Question

Quizplus · Accepted Answer

Preferred stock is an equity instrument, not a money market instrument. Money market instruments are short-term debt securities that have maturities of less than one year and are highly liquid and low-risk. Treasury bills, commercial paper, and bankers' acceptances are all examples of money market instruments.

Which of the Following Is Not a Money Market Instrument