Question

What is a money market? what are the characteristics of a developed money market?

Answer 1

Integrated Interest-Rate Structure: Another important characteristic of a developed money market is that it has an integrated interest-rate structure. ... A change in the bank rate leads to proportional changes in the interest rate prevailing in the sub-markets

Answer 2

A money market is a component of the economy which provides short - term funds .

Characteristics :-

♥ Dichotomy

♥ Seasonal Variations

♥ Inter-Call Money Market

♥ Predominant Place of Government Securities

♥ Absence of Acceptance and Discount Houses

♥ Isolation from Foreign Money Market

♥ Variety of Financial Institutions

Hope it helps ✌

Shreya ❤