It is a market for short-term funds that deals in monetary assets whose period of maturity is up to one year. Which of the following market is being referred to here?
Answer & explanation
Correct answer: option 4
The correct answer is Option 4: Money market
Money Market is a market for short-term funds. It deals in monetory assets whose period of maturity is less than one year. The instruments of money market includes treasury bills, commercial paper, call money, Certificate of deposit, commercial bills, participation certificates and money market mutual funds.