n NISM Certifications
NSM General NISM
Medium

When the original period of borrowing or lending is more than a year, it is ________.

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

Options

  1. A

    Money Market

  2. B

    Currency Market

  3. C

    Forex Market

  4. Bond Market

    Correct answer

Why this is the answer

The bond market deals with instruments with a maturity of more than one year, unlike the money market which deals in short-term instruments.

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