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      Question

      A money market is a market where _______

      A Money is raised from banks for up to 1 year Correct Answer Incorrect Answer
      B Money is raised from financial markets for up to 1 year Correct Answer Incorrect Answer
      C Money is raised from banks for up to 3 year Correct Answer Incorrect Answer
      D Money is raised from financial markets for up to 3 year Correct Answer Incorrect Answer
      E All of the above Correct Answer Incorrect Answer

      Solution

      Money market is the financial market for short-term funds to meet short term liquidity requirements and consists of instruments of maturities less than one year.

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