Match the short-term money market instruments on the left with their correct descriptive operational characteristics on the right.
- Treasury BillsShort-term government debt obligations issued by the Central Bank to raise public funds and manage liquidity.
- Commercial PaperUnsecured short-term promissory notes issued by financially sound corporations to meet immediate working capital needs.
- Certificate of DepositNegotiable time deposit receipts issued by commercial banks acknowledging funds deposited for a fixed period at a specified interest rate.
- Call MoneyUltra short-term interbank loans payable on demand or overnight used by commercial banks to balance temporary reserve deficits.
Cevap
Treasury Bills match with short-term government debt obligations issued by the Central Bank; Commercial Paper matches with unsecured short-term promissory notes issued by corporations; Certificate of Deposit matches with negotiable time deposit receipts issued by commercial banks; Call Money matches with ultra short-term interbank loans payable on demand.
Each instrument accurately aligns with its standard monetary definitions: Treasury Bills are government short-term debt issued by the Central Bank; Commercial Papers are short-term corporate debt securities; Certificates of Deposit are interest-bearing bank deposit receipts; and Call Money consists of overnight or demand interbank loans.
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Anahtar Kavram
Money Market Instruments and Issuing Institutions