FINRA Series 7 Exam Prep

Category - Series 7

Which of the following is not classified as a money market instrument?
  1. banker’s acceptances
  2. commercial paper
  3. American Depository Receipts
  4. treasury bills
Explanation
Answer: C - American Depository Receipts. American Depository Receipts are used to facilitate transfer of ownership in foreign securities. They are not money market instruments.
Was this helpful? Upvote!
Login to contribute your own answer or details

Top questions

Related questions

Most popular on PracticeQuiz