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MC Question 12

Which of the following statements are correct?

(1) A certificate of deposit is an example of a money market instrument

(2) Money market deposits are short-term loans between organisations such as banks

(3) Treasury bills are bought and sold on a discount basis

A. 1 and 2 only
B. 1 and 3 only
C. 2 and 3 only
D. 1, 2 and 3

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