Answer:
The money market is a market for short term funds which deal" In monetary assets whose period of maturity is up to one year. These assets are close substitutes for money. It is a market where low risk, unsecured and short term debt instruments that are highly liquid are issued and actively traded every day. It enables the raising of short term funds for earning returns. The major participants in the market are the Reserve Bank Of India, Commercial Bank, Non-Banking Finance Companies, State Governments, Large Corporate Houses and Mutual Funds.
You need to login to perform this action.
You will be redirected in
3 sec
