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