WAEC - Economics (2013 - No. 28)
Which of the following is involved in the money market?
Building society
Development banks
Commercial banks
Stock exchange
Wyjaśnienie
Money market is a financial market for the sale and purchase of short term debt instruments.
The major participants in the money market are commercial banks, governments, corporations, government-sponsored enterprises, money market mutual funds, futures market exchanges, brokers and dealers, and the Federal Reserve.