Money Markets Explained: Treasury Bills, Commercial Paper, and More
Book: Financial Markets and Institutions, 11th Edition Author: Jeff Madura Publisher: Cengage Learning, 2015 ISBN: 978-1-133-94788-2
This is Chapter 6 of Madura’s textbook, and it covers money markets. These are the markets where short-term debt gets traded. We are talking about securities that mature in one year or less. They might not be exciting, but they keep the financial system running.