Which of the following statements is incorrect?

All the answers are ccrect except one.

Compared with money market instruments, capital market instruments are more marketable, have lower default risk, and have shorter maturities.

A highly liquid financial instrument with a maturity of $90$ days would be traded in the money market.

Large firms are most likely to use money markets to adjust their liquidity position.

Increases in the money supply put downward pressure on short$-$term interest rates.