Money Market
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A Money Market is an economic market composed of money and money exchanges.
- Example(s):
- Counter-Example(s):
- a Capital Market.
- a Labor Market.
- See: Financial Market, Over-The-Counter (Finance), Wholesale, Commercial Paper, Bankers' Acceptance, Deposit (Finance), Certificate of Deposit, Bill of Exchange, Supply of Money, Velocity of Money.
References
2014
- (Wikipedia, 2014) ⇒ http://en.wikipedia.org/wiki/money_market Retrieved:2014-10-13.
- As money became a commodity, the money market became a component of the financial markets for assets involved in short-term borrowing, lending, buying and selling with original maturities of one year or less. Trading in the money markets is done over the counter and is wholesale. Various instruments exist, such as Treasury bills, commercial paper, bankers' acceptances, deposits, certificates of deposit, bills of exchange, repurchase agreements, federal funds, and short-lived mortgage-, and asset-backed securities. [1] It provides liquidity funding for the global financial system. Money markets and capital markets are parts of financial markets. The instruments bear differing maturities, currencies, credit risks, and structure. Therefore they may be used to distribute the exposure. [2]
- ↑ Frank J. Fabozzi, Steve V. Mann, Moorad Choudhry, The Global Money Markets, Wiley Finance, Wiley & Sons (2002), ISBN 0-471-22093-0
- ↑ Money Market, Investopedia.