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. |
|
View all MCQs in
Economics (GK)No comments yet