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Business Environment by A. C. Fernando

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MONEY MARKETS

In this chapter, we study what is a money market, its objectives, the difference between money market and capital market, financial instruments, structure of the Indian money market, characteristics of the Indian money market, and functions and usefulness of a well-developed money market. After reading this chapter, you will have a clear understanding of the Indian money market, which is necessary for anyone dealing with different kinds of monetary instruments.

WHAT IS A MONEY MARKET?

A money market is a market that deals in short-term loans or financial assets. It refers to the market for short-term requirement and deployment of funds where participants lend and borrow. It is a market wherein financial institutions work ...

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