n NISM Certifications
NSM General NISM
Medium

________ is/are secured money market instrument(s).

Practice question from NISM Series IV - Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Certificate of deposits

  2. B

    Commercial paper

  3. C

    Both 1 and 2

  4. None of the above

    Correct answer

Why this is the answer

Both Certificate of Deposits (CDs) and Commercial Papers (CPs) are unsecured instruments.

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