1. Money and the Capital Market
1.0 Introduction One of the sections of a financial market where securities and financial instruments with short-term maturities are traded is called the money market. ... The money market consists of financial institutions and dealers in money or credit who wish to either borrow or lend. ... In short it is the market for short-term securities (Edirisuriya, 2012. p. 445). ... The target was introduced in mid 1993, where RBA made public a projected, or "target", inflation rate and stated it would attempt to steer actual inflation towards the target through the use of interest rate changes....
- Word Count: 2454
- Approx Pages: 10
- Has Bibliography
- Grade Level: High School