The money market is a short-term investment market, for a period of less than one year. It is a money market in which the equilibrium value of the money supply and the equilibrium interest rate are established as a result of the interaction between the demand for money and their supply. In the money market, money is not "bought" or "purchased" like other commodities. This is his uniqueness. In money market operations, money is exchanged for other liquid assets at the opportunity cost, measured by the nominal interest rate.

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