| 单词 | money market |
| 释义 | money market 1) The market for short-term loans and debt instruments. In the UK, money brokers arrange 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 instruments are bills of exchange, Treasury bills, and trade bills. The market takes 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. 2) The foreign-exchange market and the bullion market in addition to the short-term loan market. |
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