Maharashtra State BoardHSC Commerce 12th Board Exam
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Explain the following term/concept.Money market - Secretarial Practice

Short Note

Explain the following term/concept.
Money market

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Solution

The money market is a market wherein lending and borrowing of funds take place for a short period of time, which varies from one day to a year. The financial instruments traded in this market can be converted into cash easily without any loss of time and value. The money market helps in fulfilling the short-term and very short-term requirements of the companies, banks, financial institutions, government agencies, etc.

Concept: Types of Financial Market
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APPEARS IN

Balbharati Secretarial Practice 12th Standard HSC Maharashtra State Board
Chapter 11 Financial Market
Exercise | Q 2.3 | Page 168
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