Abstract
'lending' and 'borrowing' the financial market can be classified into capital market and the money market. The money market is an investment area where investors can buy short-term debt securities.1 Money market securi ties are highly marketable, easily convertible into cash and have the short est maturities than any debt securities. Money market investments are the short-term debts that mature from anywhere in one day to one year.2 The major participants in the money market are commercial banks, gov ernments, corporations, government-sponsored enterprises, money mar ket mutual funds, futures market exchanges, brokers and dealers, and the BRILL
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