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 financial instruments will NOT be traded on a money market?
A Commercial paper
B Convertible loan notes
C Treasury bills
D Certificates of deposit

Answer：

 B
Convertible loan notes are long-term finance and are not traded on a money market.

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