A money market security will have all of the following characteristics except:

Money market securities are typically characterized by their short-term maturities, high liquidity, and higher credit ratings due to the low risk of default associated with these instruments. They often include Treasury bills, commercial paper, and certificates of deposit, which are designed for short-term borrowing and investment needs.

The characteristic of limited market is not consistent with money market securities. These securities are usually traded in a large and active market, making them liquid and easy to buy or sell. In contrast to this, the option indicating high liquidity is actually a defining feature of money market securities, which allows investors to convert these assets into cash quickly.

Therefore, the characteristic that does not align with the standard defining traits of money market securities is limited market, as it does not correctly reflect the active trading environment associated with these financial instruments.