The money market is a financial market made up of institutions which provide short-term finance for investments. They bring short term borrowers and lenders together.
The market consists of institutions or individuals who either have money to lend or wish to borrow on a short term basis. They provide loans to borrowers for periods from a few months to two years.
INSTRUMENT USED IN THE MONEY MARKET
These are instrument, which the federal government of Nigeria uses to borrow money for-short term period of 3 months. The maturity date of treasury bills is 91days.
INSTITUTIONS INVOLVED IN THE MONEY MARKET
FUNCTIONS OF THE MONEY MARKET
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