Which of the following statements is true of global money market?

Question

Quizplus · Accepted Answer

The statement "It refers to the collective financial markets worldwide where firms and governments raise short-term financing" accurately describes the global money market. Choice A is partially correct, but short-term financing is the primary activity in the global money market. Choice B is incorrect because the global money market is focused on short-term financing, while long-term financing is another area of finance. Choice C is incorrect because funds obtained from the global money market are typically short term, measured in months or up to a year, rather than over ten years.

Which of the Following Statements Is True of Global Money