n NISM Certifications
X NISM Series X
Medium

Money market instruments typically have a maturity of _______.

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Less than 3 years

  2. Less than 1 year

    Correct answer

  3. C

    1 to 5 years

  4. D

    Overnight only

Why this is the answer

Money market instruments are short-term debt securities with maturities generally less than one year, facilitating liquidity.

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