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
These instruments are typically overnight loans between banks of their deposits at the Federal Reserve.
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.
A shortterm debt instrument issued by large banks and wellknown corporations.
These money market instruments are created in the course of carrying out international trade. This is a bank drafta promise of payment similar to a check issued by a firm, payable at some future date, and guaranteed for a fee by a bank.
These shortterm debt instruments of the US government are issued in three six andmonth maturities to finance the federal government.
These instruments are effectively shortterm loansusually 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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