MONEY MARKET

These is a financial institutions set up
essentially for granting short term loans. These
is made up a number of institutions which
specialize in provision of funds for the
financing of the flow of trade. The main
institutions includes :
1. Commercial banks.
2. Acceptance houses.
3. Discount houses.
4. Insurance companies.
There are others which are not organized
institutions of the money market.
Money market grant short term loans payable
within three (3)months and for some cases up
to 12 months.
FUNCTIONS:
1. It encourage saving and investment.
2. It promote financial mobility, that is the
transfer of funds from one sector to another.
3. It implements the monetary policies of the
central bank.

Advertisements

THEUPDATESONLINE.COM is a reliable portal that gives updates to it cherished visitors. its a place where teaching and learning takes place, it gives updates on news around the world, Business and Financial tips, investment opportunities,reviews, lifestyle, entertainment and many more. There are currently 3 writers and teachers and an editor making sure visitors get value for their time and money.

Posted in Education

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: