Explain money market in briefly.
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➤ Answer :-
⟶ Money Market :-
- Money market basically refers to a section of the financial market where financial instruments with high liquidity and short-term maturities are traded.
- It is used by the participants as a way of borrowing and lending for the short term.
- A market can be described as a money market if it is composed of highly liquid, short-term assets.
- Money market funds typically invest in government securities, certificates of deposit, commercial paper of companies, and other highly liquid, low-risk securities.
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Q:-Explain money market in briefly.
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MONEY MARKET
Money market is a market for short terms funds means it used for a short period upto one year.Money market is the source of finance for working capital.Transactions of money market include lending and borrowing of cash for a short period of time and also sale and purchase of securities having one year term or which gets redeemed(means repaid)within one year.
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