Which of the following is NOT a money markets instrument?
Which of the following is NOT a money markets instrument?
[A]National Savings Certificates
[B]A 3-month certificate of deposit
[C]A treasury bill with 7 days to maturity
[D]A 14-day repurchase agreement of Treasury 8% 2007
National Savings Certificates
Money Markets are the markets where securities with less than one year maturity are traded. NSC does not come under money markets.