Answer the following multiple choice question. Choose the correct answer only. No explanation is required. Each question 1 mark

1. Which is a money market instrument?

1. Commercial Paper
2. Municipal Bond
3. Saving Certificate issued by the Government
4. Debentures
5. Common Stock

2. The government Treasury Bill has

1. No risk
2. No interest rate risk, but has default risk
3. No default risk, but has interest rate risk
4. Both interest rate risk and default risk

3. Which of the following is not an objective of monetary policy

1. Maintaining Price stability
2. Achieving high economic growth
3. Maintaining exchange rate stability
4. Maintaining lower inretesr rate spread
5. Maintaining high level of employment