The money market includes short-term credit instruments such as treasury bills, commercial paper, bank acceptance bills, negotiable certificates of deposit and repurchase agreements.
Main functions: short-term financing function, management function and policy transmission function.
Expand the market types of data currency market
Bank short-term credit market: refers to the place where international banks borrow money from each other and banks provide short-term credit funds to industrial and commercial enterprises. The market is developed in the process of capital internationalization, and its function is to solve the temporary short-term liquidity shortage. The shortest is daily demolition, generally 1 week, 1 month, 3 months, 6 months, and the longest is 1 year.
Short-term securities market: refers to bills issued by industrial and commercial enterprises with good credit to raise short-term funds. It can be issued through a bank with unlimited par value, with a term of 4 to 6 months, and the transaction is conducted by discounting the par value.
Discount market: refers to the trading market formed by discounted financing of unexpired bills.
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