Asked by Great Amazing on Jul 04, 2024

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Businesses use the commercial money market for short-term borrowing.

Commercial Money Market

A segment of the financial market where commercial banks, businesses, and government agencies raise funds by issuing short-term debt.

Short-Term Borrowing

Refers to loans or debt obligations that are due for repayment within a short period, typically less than one year.

  • Explain the significance and operation of commercial paper in financial transactions.
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LK
Lokesh kumarJul 08, 2024
Final Answer :
True
Explanation :
Businesses utilize the commercial money market to meet their short-term borrowing needs, often to manage liquidity or finance working capital requirements.