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Question : 58 of 200
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Solution:
(5) Money market instrumentsinclude treasury bills, commercialpaper, bankers’ acceptances,deposits, certificates ofdeposit, bills of exchange, repurchaseagreements, federalfunds, and short-lived mortgage-and asset-backed securities.Money market instrumentsgive businesses, financialinstitutions and governmentsa means to finance theirshort-term cash requirements.
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