Money market instruments do not include.

Money market instruments do not include: time deposits within 2 years.

Money market instruments refer to financial instruments that can trade short-term funds in the lending market.

It mainly includes: short-term treasury bills and other short-term bonds issued by the central government; Short-term bonds issued by local governments; Bank acceptance bills include acceptance bills converted from commercial acceptance bills and acceptance bills generated according to letters of credit; Certificate of transferable deposit issued by the bank; Commercial promissory notes, including transactional promissory notes based on legal transactions and financing promissory notes guaranteed by financial institutions; Commercial acceptance bills, etc.

In a larger sense, banks' excess reserves and foreign exchange are also important money market tools.

Three major means of monetary policy:

The statutory deposit reserve ratio policy, rediscount policy and open market business are the most effective and commonly used monetary policy tools of the central bank, and are known as the "three magic weapons" of monetary policy.

1. Deposit reserve refers to the funds reserved to limit the credit expansion of financial institutions and ensure customers to withdraw deposits and pay off funds.

2, rediscount, refers to the commercial banks or other financial institutions will get the unexpired bills at a certain discount price to the central bank.

3. Open market business means that the central bank, as the most important monetary policy tool, controls and regulates finance by trading securities in the open market and adjusting credit scale, loan supply and interest rate.