Which of the following generally have maturities of one year or less?
a.Treasury bills
b.Money market mutual fund
c.Commercial paper
d.Both a and c
e.All of the above
Treasury bills are instruments issued by the government and last for 3 – 6 months. A Commercial paper is an instrument issued by reputable companies that usually lasts less than a year.
a.Treasury bills
b.Money market mutual fund
c.Commercial paper
d.Both a and c
e.All of the above
Treasury bills are instruments issued by the government and last for 3 – 6 months. A Commercial paper is an instrument issued by reputable companies that usually lasts less than a year.
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