Which one of the following statement is not true of a money market instruments?a.Bankers acceptances are short term loansb.Commercial paper is a promissory note.c.Treasury bills are long term securities issued by the Governmentd.A Euro dollar certificate of deposit is negotiable

Financial market: It defines the association between borrowers and savers. The financial market…

Answered: Which one of the following statement is…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Which one of the following statement is not true of a money market instruments?

Bankers acceptances are short term loans

Commercial paper is a promissory note.

Treasury bills are long term securities issued by the Government

A Euro dollar certificate of deposit is negotiable

Definition Definition Financial market that deals in securities or assets that are short-term in nature. The money market is responsible for keeping up the liquidity of the businesses and the organizations. These securities are usually held for a period of 12 months or less and are issued by institutions that require cash or funds for their short-term cash flow requirements. The money market is regulated by the federal government.

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