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The money market is a component of the economy that provides short-term funds. The money market deals in short-term loans, generally for a period of a year or less. As short-term securities became a commodity, the money market became a component of the financial market for assets involved in short-term borrowing, lending, buying and selling with original maturities of one year or less.
It has a blend of savings and checking account features. Like a savings account, a money market account earns interest over time, typically at a higher rate than a standard savings or checking ...
Both savings accounts and money market accounts allow you to deposit money and earn interest. Unlike savings accounts, however, money market accounts often come with transactional features ...
Money market accounts are somewhere between a checking and savings account, providing annual percentage yields (APYs) on par with savings accounts with the flexibility of a checking account. As ...
The functions of money are that it is a medium of exchange, a unit of account, and a store of value. [26] To fulfill these various functions, money must be: [27] Fungible: its individual units must be capable of mutual substitution (i.e., interchangeability). Durable: able to withstand repeated use. Divisible: divisible to small units.
Monetary economics is the branch of economics that studies the different theories of money: it provides a framework for analyzing money and considers its functions (such as medium of exchange, store of value, and unit of account), and it considers how money can gain acceptance purely because of its convenience as a public good. [1]
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