Which one of the following statements is false?

Capital market instruments are maturing for more than 12 months.


With inflation-linked bonds, the par value is not adjusted with inflation at regular intervals but fixed.


Three types of money market instruments are treasury bills, negotiable certificates of deposit, and commercial paper.


Treasure bonds mature in more than 10 years.

The statement "Treasure bonds mature in more than 10 years" is false. Treasury bonds typically have maturities ranging from 10 to 30 years.