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What do banks and other businesses buy and sell in the “money market”?
Money-market accounts allow you to write a limited number of checks while participating in the “money market” where banks and other businesses buy and sell short-term credit instruments, notes and other kinds of IOU’s that come due in a year or less. The rate of return for money market accounts is usually higher than for passbook savings accounts.
They buy and sell short-term credit instruments and other kinds of IOU’s.
They buy and sell notes and other kinds of IOU’s.
They buy and sell short-term credit instruments and notes.
They buy and sell short-term credit instruments, notes and other kinds of IOU’s.