BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the maturity period of Money Market Instruments?
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Less than 15 days
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Less than 1 year
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Less than 181 days
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Less than 90 days
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Explanation:
Detailed explanation-1: -The maturity period of these debt instruments lies anywhere between 7 days to one year, and thus, attracts a lower interest rate than equivalent securities sold in the capital market. These are only issued by the central government of a country when it requires funds to meet its short term obligations.
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