CIMA BA1 · Chapter 12 · Question 4 of 9
The money markets are best described as markets for:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) Short-term lending and borrowing, typically for periods of less than one year
Explanation
Money markets deal in short-term funds and instruments such as treasury bills, certificates of deposit and commercial paper. Capital markets deal in long-term finance such as shares and long-term bonds.
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