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Question : It is an unsecured document with a fixed maturity period. Which money market instrument is highlighted in the given statement?

Option 1: Treasury bill

Option 2: Commercial paper

Option 3: Call money

Option 4: Commercial bill


 


Team Careers360 3rd Jan, 2024
Answer (1)
Team Careers360 9th Jan, 2024

Correct Answer: Commercial paper


Solution : Commercial paper is unsecured instrument it is freely transferable by endorsement and delivery. It usually has a maturity period of 15 days to one year.

Hence, option B is correct.

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