JAMB - Economics (2012 - No. 27)
The major function of money market is to
provide funds for long-term financing
provide funds short-term financing
stabilize the value of the local currency
stabilize domestic prices
ব্যাখ্যা
money market is a financial market for sourcing of short term loans. The funds traded on in the money market have a maturity date of 0-3 months