Question: what are the characteristics of money market instruments?
Answer: High Liquidity. One of the key features of these financial assets is high liquidity offered by them. ... 
Fixed returns. ... 
Maintains Liquidity in the Market. ... 
Provides Funds at a Short Notice. ... 
Helps in monetary policy. ... 
Treasury Bills (T-Bills) ... 
Commercial Papers. ... 
Certificates of Deposits (CD)