Financial Instrument Description Issued by nonfederal government entities, these financial instruments are debt securities that fund their capital expenditures. They are exempt from most taxes imposed in the area where the securities are issued. Issued by money-centered financial firms, these short-or medium-term insured debt instruments pay higher interest than a regular savings account. They are low-risk instruments and have low returns. These financial instruments are U.S. dollar deposits outside the United States that earn interest over a certain time period. Risk associated with these deposits depends on the risk of the issuing bank. Issued by corporations, these financial instruments fund their long-term financing requirements. Which of the following are money market instruments? Check all that apply. Commercial paper Common stocks O Treasury bills Eurodollar time deposits Long-term bank loans