Question

Which of the following are money market instruments? Check all that apply. Common stocks Treasury bills Certificates of deposit Corporate bonds Preferred stocks

Answer 1

Answer: No one of the options but Commercial paper

Explanation:  Commercial paper is an unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts payable and inventories and meeting short-term liabilities. Maturities on commercial paper rarely range longer than 270 days.