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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
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Correct Answer: Option B
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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