Which of the following is NOT an instrument in the money market?

Economics

JAMB 2017

A. Treasury bill
B. Bill of exchange
C. Stocks and shares
D. Call money fund

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Correct Answer: Option C

Explanation

Stocks and shares are securities purchase by individuals, which is evidence of contributing part of the total capital used in running an existing industry. Stocks and shares are instruments used in capital market.

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Which of the following is NOT an instrument in the money market?

Correct Answer: Option C

Explanation

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