Money Market Instruments
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Money Market Instruments
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The money market is a component of the economy that provides short term funds The money market deals in short term loans generally for a period of a year or less There are two types of instruments in the fixed income market that pay interest at maturity instead of as coupons discount instruments and accrual instruments Discount Money markets exist both in the United States and abroad The short term debts and securities sold on the money markets which are known as money market instruments have maturities ranging from

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