Which of the following is not a money market instrument?

Question: Which of the following is not a money market instrument?

(1)Treasury Bills.(2)Commercial Paper.(3)Certificate of Deposit.(4)Equity Shares. answer(4).There are several money market instruments in most Western countries, including treasury bills, commercial paper, bankers' acceptances, deposits, certificates of deposit, bills of exchange, repurchase agreements, federal funds, and short-lived mortgage- and asset-backed securities.