Define Money market

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter4: Preparing And Using Financial Statements
Section: Chapter Questions
Problem 11DQ
icon
Related questions
Question

Define Money market

Expert Solution
Step 1

Answer:

Money market is a market place where the short-term securities transactions are made. It means securities with a maturity term of up to one year. These securities primarily contain treasury bills, commercial bills, cash money and commercial papers.

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Types Of Financial Markets
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Entrepreneurial Finance
Entrepreneurial Finance
Finance
ISBN:
9781337635653
Author:
Leach
Publisher:
Cengage
Corporate Fin Focused Approach
Corporate Fin Focused Approach
Finance
ISBN:
9781285660516
Author:
EHRHARDT
Publisher:
Cengage