Question $9$ of $10$

Match each type of money market instrument to the correct definition, then click Next to proceed.

Commercial

paper

Transaction where securities are sold with a commitment to repurchase them at a future date

Negotiable security issued by the government on a discount from face value

Unsecured, negotiable debt obligation with short maturities

Issued by a bank at par and usually at fixed interest rates

Bill of exchange that is a primary and unconditional liability of a bank