A Money Market Is a Wholesale Market

A money market is a wholesale market. In practice, and prior to 1998, this meant that transactions were best described in which of these ways?

A) Transactions were quite large in volume; most transactions are still for $1 to $10 million or more.
B) Transactions may be large or relatively small; individuals could commonly trade for as little as $5,000.
C) Transactions were large in volume, but most are for less than $1 million.
D) Extremely large transactions are common, meaning transactions of more than $500 million.