McqMate
Q. |
Money market is a market for - |
A. | Short term fund |
B. | Long term fund |
C. | Negotiable instruments |
D. | Sale of shares |
Answer» A. Short term fund | |
Explanation: The money market is where financial instruments with high liquidity and very short maturities are traded. It is used by participants as a means for borrowing and lending in the short term, with maturities that usually range from overnight to just under a year. Some of the common money market instruments are: commercial paper, municipal notes, interest rate swaps, etc. |
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