Examveda
Examveda

Type of financial securities that matures in less than a year are classified as

A. money market securities

B. capital market securities

C. saving intermediaries

D. discounted intermediaries

Answer: Option A

Solution(By Examveda Team)

Type of financial securities that matures in less than a year are classified as money market securities. 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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