Which of the following is NOT a feature of the money market?
A) It is a mainly wholesale market
B) It deals with short-term financial claims
C) It is important in financing the working-capital needs of businesses and governments
D) It only operates as a market in which new security issues are created and marketed

Question

Quizplus · Accepted Answer

The statement "It only operates as a market in which new security issues are created and marketed" is incorrect. The money market is not just limited to the creation and marketing of new security issues, but it also deals with the trading of existing money market instruments such as treasury bills, commercial paper, certificates of deposits, etc. Therefore, option D is not a feature of the money market.

Which of the Following Is NOT a Feature of the Money