What is the typical maturity period for Money Market Securities?

Money Market Securities are characterized by their short-term nature, typically having a maturity period of one year or less. This short maturity allows investors to adjust their portfolios with relative ease and provides liquidity, which is a key feature of money markets. These securities include instruments such as Treasury bills, commercial paper, and certificates of deposit, all of which are designed for short-term financing needs.

While less than a month is also a characteristic of certain money market instruments, the broader definition encompasses anything with a maturity of up to one year. Hence, option A not only reflects the typical products found in money markets but also aligns with regulatory standards for these types of securities. This focus on short maturity is essential for managing liquidity risk and meeting immediate financing requirements, which is why it is the correct answer.