Which of the following refers to all institutions and procedures that provide for transactions in short-term debt instruments generally issued by borrowers with very high credit ratings?

Question

Quizplus · Accepted Answer

The term "money market" specifically refers to the institutions and procedures that facilitate trading in short-term debt instruments such as commercial paper, treasury bills, and certificates of deposit. These instruments are typically issued by high-credit borrowers and are considered relatively safe investments. The stock market (D) is not relevant to this question as it deals with the buying and selling of ownership shares in companies. While commercial banks (B) may play a role in the money market, they are not the sole providers of transactions in short-term debt instruments. The capital market (A) refers to a broader range of financial institutions and procedures, including those involved in the buying and selling of long-term debt and equity securities.

Which of the Following Refers to All Institutions and Procedures