'Money market is essentially a market for short-term funds'. In the li

1.	'Money market is essentially a market for short-term funds'. In the light of this statement, state any three features of money market.
Answer» Features of money market: (i) It is a market for short-term funds which deals in monetary assets whose period of maturity is up to one year. (ii) Money market instruments are highly liquid. (iii) Money market instruments are less risky.

'Money market is essentially a market for short-term funds'. In the light of this statement, state any three features of money market.

Answer»

Features of money market:

(i) It is a market for short-term funds which deals in monetary assets whose period of maturity is up to one year.

(ii) Money market instruments are highly liquid.

(iii) Money market instruments are less risky.