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Which money market instrument is issued by corporations and financial institutions to raise short-term funds?
  • a)
    Treasury Bills (T-Bills)
  • b)
    Certificate of Deposits (CDs)
  • c)
    Commercial Bills
  • d)
    Money Market Mutual Funds (MMMFs)
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Which money market instrument is issued by corporations and financial ...
Certificate of Deposits (CDs) are money market instruments issued by corporations and financial institutions to raise short-term funds. They are similar to promissory notes and have fixed maturity periods.
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Which money market instrument is issued by corporations and financial institutions to raise short-term funds?a)Treasury Bills (T-Bills)b)Certificate of Deposits (CDs)c)Commercial Billsd)Money Market Mutual Funds (MMMFs)Correct answer is option 'B'. Can you explain this answer?
Question Description
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