As money became a commodity, the money market became a component of the financial markets for assets involved in short-term borrowing, lending, buying and selling with original maturities of one year or less. Trading in the money markets is done [[Over-the-counter |over the counterand is wholesale. Various instruments exist, such as Treasury bills, commercial paper, bankers acceptances, deposits, certificates of deposit, bills of exchange, repurchase agreements, federal funds, and short-lived mortgage-, and asset-backed securities. It provides liquidity funding for the global financial system. Money markets and capital markets are parts of financial markets. The instruments bear differing maturities, currencies, credit risks, and structure. Therefore they may be used to distribute the exposure.
Broad money
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the amount of money in a countrys economy, measured by counting money kept by banks and people
Broad money meaning & definition 1 of Broad money.
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a measure of the amount of money that is available for use in an economic system and that includes cash, money in bank accounts, and also other money available for banks to use:
Broad money meaning & definition 2 of Broad money.
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