The major function of money market is to
ECONOMICS
JAMB 2012
The major function of money market is to
- A. provide funds for long-term financing
- B. provide funds short-term financing
- C. stabilize the value of the local currency
- D. stabilize domestic prices
Correct Answer: B. provide funds short-term financing
Explanation
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
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