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 Accounting  |  Question 111 of 121    Print  
Money Market
Explain what is money market?


  
Total Answers and Comments: 3 Last Update: August 18, 2008     Asked by: hrushikeshjoshi 
  
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June 10, 2008 09:04:56   #1  
Hari Babu Member Since: May 2008   Contribution: 1    

RE: Money Market

Money Market : Its a Global financial market for short term borrowing and lending. The money market is where short-term obligations such as treasury bills, commercial paper and banker's acceptances are bought and sold.


 
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June 19, 2008 07:15:35   #2  
akki.jagani Member Since: June 2008   Contribution: 8    

RE: Money Market
where we can do short time transaction of money. In money market we can borrow money for short time.
 
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August 17, 2008 23:55:35   #3  
vasudeo007 Member Since: July 2008   Contribution: 20    

RE: Money Market
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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