If an organization is facing a short term credit crunch and wants to liquidize the treasury bills and commercial papers they have, where can the organization sell them?
A) options market
B) bond market
C) money market
D) stock market
E) futures market
Answer: C
Explanation: The money market is an over-the-counter marketplace for short-term debt instruments such as Treasury bills and commercial paper. Its purpose is to help corporations and government agencies meet short-term liquidity needs.
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