Multiple Choice
Which one of the following is the best definition of a money market instrument?
A) corporate debt that matures in 90 days or less
B) bank savings account
C) investment issued by a financial institution that matures in 30 days or less
D) investment issued by a financial institution that matures in one year or less
E) debt issued by the government or a corporation that matures in one year or less
Correct Answer:
Verified
Correct Answer:
Verified
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