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The major function of money market is to

The major function of money market is to
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Provide funds for long-term financing
  • B Provide funds short-term financing
  • C Stabilize the value of the local currency
  • D Stabilize domestic prices
Correct Answer: Option B
Explanation:
money market is a financial market for sourcing of short term loans. The funds traded on in the money market have a maturity date of 0-3 months

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