Common money market instruments are as follows: Bankers' Acceptance - A draft issued by a bank that will be accepted for payment, effectively the same as a cashier's check. A check written by a financial institution on its own funds. It is then signed by a representative of the financial institution ...
Money Market is a market for short term funds which deals in monetary assets whose period of maturity is upto one year. Money market constitutes a major source of working capital for business. It is a market in liquid assets. Funds borrowed against different types of credit instruments such as ...
Financial system of a country plays an important role in the its economic development. It is the financial system that helps transfer finance from surplus sector to the sector where it is needed the most. Financial system has three main organs: Financial Market, Financial Institution and Financial Securities. It is ...
Capital market is the market which is concerned with long-term finance for industry and government.The savings of individuals and institutions are converted into investment through capital issued by companies and public loans floated by government and semi government bodies. Capital market facilitates dealings in financial assets that have a long ...