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finances > monetary economics > money market

Preferred term

money market  

Definition

  • A financial market that trades Treasury bills, commercial paper and other short-term financial instruments. This market is often used by businesses when they need short-term funds to bridge the gap between paying operating costs and collecting revenue from product sales. As such, the term "money" in money market indicates that businesses are using highly liquid instruments to raise the money need for operating expenses.

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URI

http://www.eionet.europa.eu/gemet/concept/13246

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