SIE Exam Question 230: Answer and Explanation

Question: 230

Which of the following are not considered money market securities?

• A. ADRs
• B. T-bills
• C. Reverse Repos
• D. Commercial Paper

Correct Answer: A

Explanation:

A: Since the 'money market' includes short term debt instruments only, and since ADRs represent ownership (equity) in foreign stocks, ADRs are not debt.