BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following are money markets instruments?
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A 14-day repurchase agreement of Treasury 8% 2007
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A treasury bill with 7 days to maturity
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A 3-month certificate of deposit
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All of the above
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Explanation:
Detailed explanation-1: -Money markets include markets for such instruments as bank accounts, including term certificates of deposit; interbank loans (loans between banks); money market mutual funds; commercial paper; Treasury bills; and securities lending and repurchase agreements (repos).
Detailed explanation-2: -Treasury Bills, Certificate of Deposit as well as Commercial papers are money market instruments.
Detailed explanation-3: -The varied types of India money market instruments are treasury bills, repurchase agreements, commercial papers, certificate of deposit, and banker’s acceptance.
There is 1 question to complete.