新编金融英语教程第八章.pptxVIP

;;;;;;;acceptance houses asset-backed commercial paper (ABCP) bills of exchange capital markets collateral loans commercial banks debt/bond market debt securities economic agents equity/stock market;1. There are several money market instruments, including treasury bills, commercial paper, bankers’ acceptances, deposits, certificates of deposit, bills of exchange, repurchase agreements, federal funds, and short-lived mortgage- and asset-backed securities. 2. The money market plays a key role in ensuring companies and governments maintain the appropriate level of liquidity on a daily basis,