Nature of money market can be well explained with the help of its features. State any three such features of money market.
Features of money market are :
(i) It deals in short-term monetary assets, whose period of maturity is upto one year. ,
(ii) It is a market where low risk, unsecured and
short-term debt instruments are issued and actively traded everyday.
(iii) Liquidity is provided by the Discount and Finance House of India, specially formed for this purpose.