Define Money Market

What do you understand by the term ‘Money Market’?

E

Expert

Verified

Money market is that market where short term instruments of credit with a maturity period of one year or less than which are traded. These instruments are termed as near money. The borrowers of money market are government, traders, lenders and speculators in this market are central banks, commercial bank, insurance companies and financial institutions and so on.

   Related Questions in Accounting Basics

©TutorsGlobe All rights reserved 2022-2023.