Which of the following is acharacteristic of a money marketfinancial instrument?O A. High riskB. Low riskC. Low credit qualityO D. Equity instrument

Money market financial instruments are those instruments which have short maturity period of up to a…

Answered: Which of the following is a…

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Which of the following is a characteristic of a money market financial instrument?

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter10: Auditing Cash, Marketable Securities, And Complex Financial Instruments

Section: Chapter Questions

Problem 33RQSC

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Question

Which of the following is a
characteristic of a money market
financial instrument?
O A. High risk
B. Low risk
C. Low credit quality
O D. Equity instrument

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