Money market is a marketplace for brief – time period funds, because the identify market implies; it is a market by which money is purchased and offered. It facilitate the elevating of funds by enterprise enterprises for the purchase of inventories, by banks to finance short-term reserve loss and by authorities to bridge the hole between its receipts/revenue and expenditure (Noko, 2011).
Gives research present that, authorities has not been making ample effort to capitalize the market, which impedes the market considerably in performing its major role of improvement. Other studies, reveals that the market is actually playing a major role in accelerating economic growth within the country. Nonetheless, all these studies often exclude authorities devices like, treasury payments in their investigation, which is seeing as one of many dominant player available in the market. This analysis goal to close this hole in data, by including government Treasury bill in … Read more