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Mastering Financial Calculations: A step-by-step guide to the mathematics of financial market instruments, Second edition by Bob Steiner

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Chapter 2. The Money Market

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Overview

The “money market” is the term used to include all short-term financial instruments which are based on an interest rate (whether the interest rate is actually paid or just implied in the way the instrument is priced). Traditionally, the money market covered instruments up to 1 year in maturity. Now however, it also includes instruments which are based on such short-term instruments, ...

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