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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.
A money market account often comes with features associated with a checking account such as a debit card or a checkbook, while a savings account does not typically offer those kinds of spending tools.
For example, you often won’t earn as much with a money market account as you would with a traditional CD because the CD has a time commitment: The bank will pay you more in exchange for locking ...
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.
USD/ SEK exchange rate. USD/ CHF exchange rate. The foreign exchange market (forex, FX (pronounced "fix"), or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging ...
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 ...
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