Which of the following is not a function of the money market?
ECONOMICS
JAMB 2017
Which of the following is not a function of the money market?
- A. Provision of finance
- B. enhance loan savings
- C. creation of long term
- D. Provision of finance
Correct Answer: C. creation of long term
Explanation
Money market can be defined as a market for short term loan. The market consists of institution or individuals who either have money to lend or wish to borrow on a short term basis. The central bank is the sole authority in the banking industry and act as banker to the government and the commercial banks
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