Money markets are markets for:

A) foreign currency exchange.
B) consumer automobile loans.
C) corporate stocks.
D) long-term bonds.
E) short-term debt securities.

Short-Term Debt Securities

Financial instruments that represent borrowed money which must be repaid within a short period, typically less than one year.

Money Markets

Refers to the financial markets dealing with short-term borrowing, lending, buying, and selling with original maturities of one year or less.

Foreign Currency

Money or a form of currency that is used in a country other than one's own, typically involved in foreign exchange markets for trading or investment purposes.