The trade in short-term loans between banks and other financial institutions.
- International money market managers and investment banks went on a lending binge from 1993 to 1996.
- The cash rate is the interest rate which applies to trading between financial institutions on the overnight money market.
- Consequently, this will reinforce the lowering of the interest rate in the money market by the central bank.
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Syllabification: mon·ey mar·ket
Definition of money market in:
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