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Which of the following is involved in the money market?

Economics
WAEC 2013

Which of the following is involved in the money market?

  • A. Building society
  • B. Development banks
  • C. Commercial banks
  • D. Stock exchange
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Correct Answer: Option C
Explanation

Money market is a financial market for the sale and purchase of short term debt instruments. 

The major participants in the money market are commercial banks, governments, corporations, government-sponsored enterprises, money market mutual funds, futures market exchanges, brokers and dealers, and the Federal Reserve.

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