问题如下：
The following statements are about the popular
money market investment instruments, which of the following statements is NOT
correct?
选项：
A. Certificates of deposit is an interest-bearing
receipt for the deposit of funds in a depository institution.
B. International eurocurrency
deposits is Time deposits issued in million-dollar units by the world’s largest
banks in financial centers around the globe.
C. Short-term municipal
obligation is issued by local governments to cover temporary shortages
D. Bankers’
Acceptance pays investors coupons and it is issued at par value.
解释：
考点：对Instruments Available to Financial
Firms的理解
答案：D
解析：
选项D错误，BA通常是以折价发行，没有期间现金流。关于D选项正确的表述为：
Bankers’ Acceptances are a discount instrument sold at a price below par.
B是什么意思 这个在讲义哪里
