Which of the following is a characteristic of a developed money market?
A. Presence of a wide range of instruments and high liquidity
B. Only long-term government securities
C. High transaction costs and low participation
D. Absence of short-term instruments
Answer: Option A
Solution (By JKSSB Mock Tests)
A developed money market features a variety of short-term instruments, high liquidity, low transaction costs and active participation by financial institutions.
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