Which of the following is correct in respect of financial markets?

Financial markets are classified on the basis of the maturity of financial instruments traded in them. Instruments with a maturity of less than 3 months are traded in the money market. Instruments with maturity of more than 3 months are traded in the capital market. All of the above

Financial markets are classified on the basis of the maturity of financial instruments traded in them.

Classification of Financial markets: These are classified on the basis of the maturity of financial instruments traded in them. Instruments with a maturity of less than one year are traded in the money market. Instruments with longer maturity are traded in the capital market.