Treasury Bills: These are short-term debt obligations issued by the government to finance its operations. They have maturities ranging from a few days to one year.
Commercial Paper: It is an unsecured promissory note issued by corporations to raise short-term funds. Investors purchase these notes at a discount and receive the face value upon maturity.
Certificates of Deposit (CDs): CDs are time deposits offered by banks with fixed terms and interest rates. They provide higher interest rates than regular savings accounts but restrict access to funds until maturity.