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Financial markets can be classified as money markets and capital markets. The money market deals in short-term financial instruments with maturities of one year or less, and is used to fulfill short-term borrowing needs. It involves highly liquid securities like treasury bills, commercial paper, certificates of deposit, and call money. The major players in the money market are the Reserve Bank of India, banks, financial institutions, and corporations. The money market provides a link between short-term lend

Author

Beth Rowe

Language

EN