Advertise Here
Financial markets and central banks also classify Treasury bill as money market instruments. Money market instruments are short term, which means that they have maturities ranging from a day to a year—and normally are easily convertible into cash. Money markets certificates of deposit (CD), commercial paper (CP), Treasury bills and securities lending and repurchase agreements (repos). A treasury bill is a short term instrument that a government issues in order to borrow money, generally through the central bank. This instrument has a maturity period of one year or less. Other more complex instruments include asset-backed commercial paper (ABCP).
Source: Bank of Ghana 2022
