The major function of money market is to

  • A provide funds for long-term financing
  • B provide funds short-term financing
  • C stabilize the value of the local currency
  • D stabilize domestic prices
jamb 2012economics

The correct answer is B. provide funds short-term financing

money market is a financial market for sourcing of short term loans. The funds traded on in the money market have a maturity date of 0-3 months

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