| 单词 | money market |
| 释义 | money market money market1. The wholesale market for short-term loans and debt instruments. In the UK, money brokersarrange for loans between the banks, the government, the discount houses, and the accepting houses, with the Bank of England acting as lender of last resort. The main items of exchange are bills of exchange, Treasury bills, and trade bills. The market has traditionally taken place in and around Lombard Street in the City of London. Private investors, through their banks, can place deposits in the money market at a higher rate of interest than bank deposit accounts. These are considered to be safe investments. See alsointerbank market. money-market deposit account(MMDA) A type of high-yielding savings account introduced in the USA in 1982 to allow deposit-taking institutions to compete with the money markets for savers’ funds. Typically, such accounts require a minimum balance of between $1,000 and $10,000 and restrict withdrawals to six a month. |
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