Which of the following money market instruments had the largest amount outstanding in 2006?
A)U.S. Treasury bills
B)Commercial paper
C)Negotiable CDs
D)Federal funds

Question

Quizplus · Accepted Answer

According to the Federal Reserve Board, as of December 2006, the amount outstanding for U.S. Treasury bills was $936.3 billion, negotiable CDs was $654.9 billion, and federal funds were not included in the report. However, commercial paper had the highest amount outstanding at $2.2 trillion.

Which of the Following Money Market Instruments Had the Largest