Current location - Trademark Inquiry Complete Network - Tian Tian Fund - Please explain which institution issued the following money market instruments: a. national debt; B. certificate of deposit; C. commercial paper; D. repurchase agreement; Federal funds.
Please explain which institution issued the following money market instruments: a. national debt; B. certificate of deposit; C. commercial paper; D. repurchase agreement; Federal funds.
A: Treasury bills are short-term debt instruments issued by the U.S. government to pay immediate expenditures, that is, fiscal deficit expenditures.

Deposit slips are issued by banks and sold to depositors.

C. Commercial paper is issued by companies and large banks for short-term financing in the debt market.

D. Repurchase agreements are mainly issued by banks, secured by treasury bills, and financed by companies and other banks through loans, in which the issuing banks explicitly agree to repay debts (repurchase funds) in the near future.

E. Federal funds are overnight loans between banks.