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All of the following are correct characterizations of bonds, EXCEPT A) Bonds are money market instruments B) Bonds are debt instruments C) Governments, Government agencies,

All of the following are correct characterizations of bonds, EXCEPT

		A) Bonds are money market instruments
		B) Bonds are debt instruments
		C) Governments, Government agencies, Local Governments and Corporations all issue bonds
		D) Once issued, bonds trade in the secondary market

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