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GeekInterview.com > Interview Questions > Accounting
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Question: Money Market
Answer: Explain what is money market? |
| August 08, 2008 23:55:35 |
#3 |
| vasudeo007 |
Testing Expert Member Since: July 2008 Total Comments: 51 |
RE: Money Market
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Money market is the market of money.
Just like goods and services are sold in market money itself is also sold.
That does not mean foreign currency. I mean when you buy short term deposit, treasury bill of government, commercial paper etc then it is called money market.
Here you are buying money and giving money in the same currency.
Profit is when you get more currency and give fewer currency to obtain it.
Vasudeo |
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