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Which financial instrument represents a claim to the payment of a sum of money in the future?
  • a)
    Certificate of Deposit
  • b)
    Commercial Paper
  • c)
    Equity Shares
  • d)
    Treasury Bills
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Which financial instrument represents a claim to the payment of a sum ...
Treasury Bills represent a claim to the payment of a sum of money from the government in the future. They are short-term debt instruments.
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Which financial instrument represents a claim to the payment of a sum of money in the future?a)Certificate of Depositb)Commercial Paperc)Equity Sharesd)Treasury BillsCorrect answer is option 'D'. Can you explain this answer?
Question Description
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