Money market

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Money market is a financial market for short-term debt securities. Short-term assumes that their maturities are less than one year. Debt securities may include short-term certificates of deposit (CDs), municipal notes, or U.S. Treasury bills.


Definitions

According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),

Money market. A financial market for debt securities with maturities of less than 1 year (short-term). The New York money market is the world's largest.

According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),

Money markets. The financial markets in which funds are borrowed or loaned for short periods (less than one year).

Related concepts

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