A
Bond market
B
Forex market
C
Money market
D
Stock market
Correct answer: (c) Money market
Explanation
- A
Bond market
Bond market. CBLO was a money-market collateralised borrowing product.
- B
Forex market
Forex market. Not FX.
- C
Money market
Money market. CBLO: collateralised overnight / short-term borrowing and lending.
- D
Stock market
Stock market. Not equities.
Summary. Official key is (c) money market. Collateralised Borrowing and Lending Obligations (CBLO) were CCIL products for collateralised short-term lending — a money-market instrument (later migrated to the tri-party repo segment). Not bonds as a capital-market class, not forex, not stocks.
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