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A '''money market''' is a [[financial markets|financial market]] for short-term borrowing and lending, typically up to thirteen months. This contrasts with the [[capital market]] for longer-term funds. In the money markets, [[bank]]s lend to and borrow from each other, short-term [[financial instrument]]s such as [[certificate of deposit|certificates of deposits]] (CDs) or enter into agreements such as [[repurchase agreement]]s (repos). It provides short to medium term [[liquidity]] in the [[global financial system]]. Money market [[Derivative (finance)|derivatives]] include [[forward rate agreement]]s (FRAs) and [[Financial future|short-term interest rate futures]].
* [[Repurchase agreement]]s - Short-term loans—normally for less than two weeks and frequently for one day—arranged by selling securities to an investor with an agreement to repurchase them at a fixed price on a fixed date.
* [[Treasury security#Treasury bill|Treasury bills]] - Short-term debt obligations of a national government that are issued to mature in 3 to 12 months. For the U.S., see [[Treasury security#Treasury bill|Treasury bills]].