Money market a market for short - termsecurities such as bank bills, commercial paper, etc. usually having a maturity of le than 1 year.
货币市场短期有价证券市场,如银行汇票、商业票据等,通常票据到期时间小于1年。
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"There seems to be a predominance of short-term thinking at the expense of long-term investing," said Commissioner Daniel Gallagher of the US Securities and Exchange Commission in a speech this week.
Many German Banks filled their balance sheets with asset-backed securities bought with cheap short-term funding in a strategy that unravelled spectacularly when funding dried up last year.