Question 35
Financial InstitutionsThe capital market is a market for trading of financial assets such as
- A.bankers' acceptances
- B.treasury bills
- C.long-term securities
- D.commercial papers
Show the answer and explanation
Answer: C (long-term securities)
Explanation
The capital market deals in long-term funds such as shares and bonds; treasury bills, commercial papers and bankers' acceptances are short-term money-market instruments.