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.
Originally written on
May 30, 2015
and last modified on
May 30, 2015.