Money markets are the simplest form of capital markets because they involve trading in U.S. dollars.
By definition, "money markets" comprise securities with maturities of one year or less.

Question

Quizplus · Accepted Answer

Money markets are not the simplest form of capital markets because they involve trading in short-term debt instruments, not specifically U.S. dollars. They are defined by the short maturity of the securities, typically one year or less.

Money Markets Are the Simplest Form of Capital Markets Because