Which of the following is not considered a money market instrument?

A

Treasury bills

B

Repurchase agreement

C

Commercial paper

D

Shares and bonds

ANSWER
Money market instruments are the instruments which are invested for a short period of time. They have the maturity period of less than one year. Treasury bills, repurchase agreement and commercial paper all are short term investments and have a maturity level of less than one year. Hence, shares and bonds having maturity of more than one year are not considered as money market instrument.