The market for short term loans is known as the?

Assessment: WAEC SSCE - Commerce - 1991 (Objective) Subject: Commerce

Question 1 Report

The market for short term loans is known as the?
Answer Details
The market for short term loans is known as the "money market". This is a financial market where short-term borrowing and lending takes place. It includes various financial instruments like treasury bills, commercial papers, certificates of deposits, and repurchase agreements, among others. The money market is important for banks, corporations, and governments to manage their short-term liquidity needs, and it plays a crucial role in the overall functioning of the economy.

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