GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Money market is a market for:
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Short term
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Long term
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Medium term
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It is a one day lending and borrowing market
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Explanation:
Detailed explanation-1: -These markets are described as “money markets” because the assets that are bought and sold are short term-with maturities ranging from a day to a year-and normally are easily convertible into cash.
Detailed explanation-2: -Money market has become a component of the financial market for buying and selling of securities of short-term maturities, of one year or less, such as treasury bills and commercial papers. Over-the-counter trading is done in the money market and it is a wholesale process.
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