Which of the following statements is true of the global money market?
A)A great advantage for investors in the global money market is the ability to access a wide range of investment opportunities.
B)It refers to the collective financial markets where firms and governments raise long-term financing.
C)The maturity period for the funding obtained from the global money market is over ten years.
D)It refers to the collective financial markets worldwide where firms and governments raise short-term financing.

Question

Quizplus · Accepted Answer

The global money market refers to the collective financial markets worldwide where firms and governments raise short-term financing. Therefore, option D is correct. Option A is incorrect as it does not mention the nature of the funding raised. Option B is incorrect as it refers to long-term financing, which is not characteristic of the global money market. Option C is incorrect as the maturity period for funding obtained from the global money market is typically less than a year.

Which of the Following Statements Is True of the Global