Which of the following is not a function of the money market?
A. Provision of finance B. enhance loan savings C. creation of long term D. Provision of finance
Correct Answer: C
Explanation
Money market can be defined as a market for short term loan. The market consists of institution or individuals who either have money to lend or wish to borrow on a short term basis. The central bank is the sole authority in the banking industry and act as banker to the government and the commercial banks
