Which of the following is not a Money Market Instrument?a)Certificate...
The money market is the arena in which financial institutions make available to a broad range of borrowers and investors the opportunity to buy and sell various forms of short-term securities.
There is no physical "money market." Instead, it is an informal network of banks and traders linked by telephones, fax machines, and computers.
Money markets exist both in the United States and abroad.
The short-term debts and securities sold on the money markets—which are known as money market instruments—have maturities ranging from one day to one year and are extremely liquid.
Treasury bills, federal agency notes, certificates of deposit (CDs), eurodollar deposits, commercial paper, bankers' acceptances, and repurchase agreements are examples of instruments.
The suppliers of funds for money market instruments are institutions and individuals with a preference for the highest liquidity and the lowest risk.
Hence, the correct option is (E).