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Topic Content:
- Definition of Money Market
- Institutions Involved in Money Market
- Instruments Used in the Money Market
The money market is the market for short term loans. The loans granted can be demanded at short notice.
The money market is composed of the commercial bank, the central bank, discount house, bill brokers, acceptance house or merchant banks, and the foreign exchange market. It is controlled by the central bank. The money market is a market for short-term instruments bought and sold.
Institutions Involved in Money Market:
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