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Federal funds, bankers acceptance, commercial paper and repurchase agreements are classified as
Answer & Solution
Correct Answer:
Option
C
Federal funds, bankers acceptance, commercial paper and repurchase agreements are classified as money market instruments. There are several money market instruments in most Western countries, including treasury bills, commercial paper, bankers' acceptances, deposits, certificates of deposit, bills of exchange, repurchase agreements, federal funds, and short-lived mortgage- and asset-backed securities.
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