Question: Description 1 . These instruments are typically overnight loans between banks of their deposits at the Federal Reserve. 2 . A debt instrument sold by

Description
1.
These instruments are typically overnight loans between banks of their deposits at the Federal Reserve.
2.
A debt instrument sold by a bank to depositors that pays annual interest of a given amount and at maturity pays back the original purchase price.
3.
A short-term debt instrument issued by large banks and well-known corporations.
4.
These money market instruments are created in the course of carrying out international trade. This is a bank draft(a promise of payment similar to a check) issued by a firm, payable at some future date, and guaranteed for a fee by a bank.
5.
These short-term debt instruments of the US government are issued in three-, six-, and12-month maturities to finance the federal government.
6.
These instruments are effectively short-term loans(usually with a maturity of less than two weeks) for which Treasury bills serve as collateral, which the lender receives if the borrower does not pay back the loan.

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