In terms of dollar amounts, which of the following represents the single most important debt instrument bought and sold in the money market? Not in the chapter
A)U.S.Treasury bills
B)commercial paper
C)negotiable certificates of deposit
D)Eurodollar time deposits

Question

Quizplus · Accepted Answer

U.S. Treasury bills, also known as T-bills, are considered the safest and most liquid debt instrument in the money market. They are generally issued by the U.S. government to finance short-term borrowing needs and are highly sought-after by investors for their low risk and high liquidity. As of 2021, the outstanding value of T-bills is estimated to be around $4 trillion, making them the single most important debt instrument in terms of dollar amounts.

In Terms of Dollar Amounts, Which of the Following Represents