Q929
Type of financial securities that matures in less than a year are classified as
A.
money market securities
AnswerB.
capital market securities
C.
saving intermediaries
D.
discounted intermediaries
Answer: Option A
Solution
Answer: Option A
Solution:
Type of financial securities that matures in less than a year are classified as money market securities. There are several money market instruments in most Western countries, including treasury bills, commercial paper, bankers' acceptances, deposits, certificates of deposit, bills of exchange, repurchase agreements, federal funds, and short-lived mortgage- and asset-backed securities.