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31 March, 23:19

Money market instruments:

A. are generally sold in small denominations.

B. tend to be illiquid.

C. are quoted in terms of a spread.

D. cannot be resold.

E. may be sold on a discount basis.

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Answers (1)
  1. 31 March, 23:44
    0
    Answer:E

    Explanation:

    Money market instrument are short term loan issued by banks. Definitely the answer is may be sold on discount basis.
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