passwella.
Menu

JAMB Economics 1993 Question 32

Question 32

Financial Institutions

The money market is a financial market that specializes in the provision of

  1. A.short-term loans and advances
  2. B.medium-term loans
  3. C.long-term loans
  4. D.venture capital for development projects
Show the answer and explanation

Answer: A (short-term loans and advances)

Explanation

The money market deals in short-term funds; long-term funds are raised in the capital market.