The money market is designed for the making of short-term loans. It is the institution through which individuals and institutions with temporary surpluses of funds meet the needs of borrowers who have temporary funds shortages (deficits).

Question

Quizplus · Accepted Answer

The money market is indeed designed for short-term borrowing and lending, typically for periods of one year or less, facilitating the exchange between parties with temporary surpluses and those with temporary shortages of funds.

The Money Market Is Designed for the Making of Short-Term