In the money market , money can only be borrowed for
Answer Details
In the money market, money can only be borrowed for short-term purposes. The money market deals with short-term lending and borrowing, typically for periods of less than a year. The loans in the money market are used to finance current operations, such as paying bills and meeting short-term cash flow needs. Therefore, the borrowing and lending in the money market are usually for short-term needs, making it suitable for businesses or individuals who require temporary financial support.