Please use the grid provided on page two of the Candidate Answer Booklet to record your answers to each multiple  choice question. Do not write out the answers to the MCQs on the lined pages of the answer booklet.
Each question is worth 2 marks.

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

Answer

D

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