Consider the following statements in the context of instruments of Money Market Management-1- A certificate of deposits is a time deposit- commonly offered to consumers by banks- thrift institutions- and credit unions and which has a specific- fixed term usually- and a fixed interest rate-2- Commercial papers is a money-market security issued sold by large corporations to get money to meet short term debt obligations- and is only backed by an issuing bank or corporation-s promise to pay the face amount on the maturity date specified on the note-3- Treasury bills can be purchased by any one including individuals except State govt- which are issued by RBI and sold through fortnightly or monthly auctions at varying discount rate depending upon the bids-Which of the above statements is-are correct-

The correct option is D Only 1 amp; 3Only 1 amp; 3 ...

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Consider the ...

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Consider the following statements in the context of instruments of Money Market Management:
Which of the above statement(s) is/are correct?

All of the Above

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Only 1 & 2

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Only 2 & 3

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Only 1 & 3

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