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WAEC Commerce 2004 Question 45

Question 45

Banking

The Money Market is the

  1. A.market for long-term loans
  2. B.market for short-term loans
  3. C.market for government securities
  4. D.banking hall of commercial banks
Show the answer and explanation

Answer: B (market for short-term loans)

Explanation

The money market deals in short-term loans and funds.