A bank issues Commercial Paper to meet short-term funding needs. This activity belongs to which market?

·         A bank issuing Commercial Paper (CP) to meet short-term funding needs is an activity that takes place in the Money Market. The Money Market is a segment of the financial market specifically designed for borrowing and lending short-term funds, typically with a maturity period of  up to one year . ·         Commercial Paper is a widely recognized  unsecured money market instrument  issued in the form of a promissory note. It is used by highly-rated corporate borrowers and financial institutions to diversify their sources of short-term borrowings and manage immediate liquidity.