ECONOMICS
ECONOMIC INSTITUTIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which is the best description of a ‘money market’
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Those people and organisations who want money and the people and organisations who are willing and able to supply money.
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Any place where buyers and sellers come together.
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The exchanges made in an economy for goods and services.
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A financial institution where investors can make deposits.
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Explanation:
Detailed explanation-1: -The money market refers to trading in very short-term debt investments. At the wholesale level, it involves large-volume trades between institutions and traders. At the retail level, it includes money market mutual funds bought by individual investors and money market accounts opened by bank customers.
Detailed explanation-2: -Definition: Money market basically refers to a section of the financial market where financial instruments with high liquidity and short-term maturities are traded.
There is 1 question to complete.