Which one of the following is the best definition of a money market instrument?
A) corporate debt that matures in 90 days or less
B) bank savings account
C) investment issued by a financial institution that matures in 30 days or less
D) investment issued by a financial institution that matures in one year or less
E) debt issued by the government or a corporation that matures in one year or less

Question

Quizplus · Accepted Answer

Money market instruments are short-term debt securities that mature in one year or less, typically issued by governments or corporations.

Which One of the Following Is the Best Definition of a Money