試題詳解

61 The term “capital market” is generally used to refer to those markets that deal in long-term financial instruments, such as stock, bonds, mortgage, etc., while the term “money market” describes those markets in which short-term debt instruments (typically, having a maturity under one year) are issued and traded. Therefore, which one of the followings is generally NOT considered to be an instrument in the capital market?
(A) Commercial paper
(B) Common share
(C) Preferred share
(D) Government bond