In the capital markets, the instruments which are traded having maturity of more than one year is classified as ____________?
Aexpansion bonds
Bcontraction mortgages
Cexpansion mortgages
Dbonds and mortgages
Correct answer
D. bonds and mortgages
Explanation
bonds and mortgages is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.