A Bond is a debt with a maturity between 2-30 years. Unlike the Money Market, the Bond Market ________________. A. can be accessed by borrowers of various quality B. transactions occur in various currencies C. involves only the general public

A Bond is a debt instrument with a maturity that can range from short-term (less than two years), medium-term (between two and ten years), or long-term (more than ten years, up to 30 years, or even more). The Bond Market can be distinguished from the Money Market in several ways, and among the options provided, both A (can be accessed by borrowers of various quality) and B (transactions occur in various currencies) are correct.

The bond market indeed caters to borrowers of various credit qualities, from highly-rated government issuers to high-yield or "junk" bond issuers, which have a higher risk of default. On the other hand, the money market usually deals with high-quality (lower risk) debt instruments and focuses on short-term borrowing and lending, typically with maturities of one year or less.

Furthermore, bond markets also facilitate transactions in various currencies, catering to international investors and governments. Companies and governments issue bonds in different currencies to appeal to a broader investor base and to manage currency risks.

Option C (involves only the general public) is not accurate because the bond market does not exclusively involve the general public. Institutional investors, such as pension funds, insurance companies, and mutual funds, are major participants in the bond market, often holding a significant proportion of government and corporate debt.

Extra: The bond market, also known as the debt market or credit market, is a financial market where participants buy and sell debt securities, primarily in the form of bonds. The bond market is critical for economic activity as it enables governments and corporations to finance their operations and growth by borrowing money from investors. Bonds are fixed-income instruments, meaning they typically provide a fixed return to investors through regular interest payments, known as coupon payments, up to the date of maturity, when the principal amount (also known as face value or par value) is repaid.